Houston-area jewelry store owner investigated for fraud and theft

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A jewelry store in Katy is under investigation for several cases of criminal theft.

According to court documents, the jeweler owes nearly $4 million to a company for watches that were never delivered, such as first reported by Matt Dougherty at KHOU.

The store, ALKU Modern Jewelers in Katy, had several customers come forward and alleged they had been scammed out of their money. The owner, Santiago Mora, faces federal charges of wire fraud and identity theft and could face other charges in the coming days.

Mora told a client he would be able to acquire two rare watches – a Rolex Daytona with a white dial and a black dial – for which he paid $26,300 per KHOU. The customer says he never received the watches.

Another customer said they bought an engagement ring with a check and never received the piece of jewelry.


Now, when approaching the store, customers are greeted with a closed building that has an eviction notice out front and left with no real way to contact the owner.

Dougherty also reported that Mora’s teenage daughter was missing. Eventually, the teenager was found and was possibly in the hands of a cult, Mora’s attorney, Sam Adamo, told KHOU.

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Adamo told KHOU that the store owner was a “hardworking man” and that he had recently succumbed to personal issues, including a heart condition which had him hospitalized.

The company currently has an “F” rating with the Better Business Bureau, and the Fort Bend County Sheriff’s Office is reviewing several felony cases against Mora, which have already been presented to the district attorney.

the Better Business Bureau says if it sounds too good to be true, it probably is. The BBB offers this scam advice: “Resist the pressure to act immediately. decision right away before you even think through it, by asking family members, friends or financial advisors.”



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