Jeweller in £170,000,000 scam had staff pretend to be buyers to fool clients

Vashi Dominguez, a flashy jeweller known for his high-end diamond pieces, vanished after his store chain collapsed in 2023, leaving £170 million in debts and investors, including billionaire John Caudwell, in distress. A BBC Panorama report revealed he created a facade of success, misleading investors about sales and stock values, while former staff claimed customers received lower-quality diamonds than promised.

Want More Context? 🔎