ATTORNEY GENERAL BONTA SECURES SENTENCE AGAINST SOUTHERN CALIFORNIA JEWELER FOR $1.7 MILLION PONZI SCHEME

SACRAMENTO, Calif., Aug. 31 -- The California Attorney General issued the following press release:

LOS ANGELES-California Attorney General Rob Bonta today announced the sentencing ofjewelry store ownerNelson Holdo for swindling 32 victims out of over $1.7 million through a Rolex watch and luxury jewelry Ponzi scheme. Holdowassentenced tofiveyears in state prison after pleading guilty to multiple counts of felony grand theft and writing fraudulent checks,as well as a white-collar crime enhancement.

"When bad actors use complex schemes to take awayCalifornianshard-earned money, they will be held accountable,"said Attorney General Bonta."Let this announcement be a warning to those who would enrich themselves at the expense of others. The Cal...