Los Angeles, Ca
Southern California jeweler accused of stealing $1.5 million from customers through Rolex watch scam
A Southern California jeweler allegedly stole nearly $1.5 million from customers through a fraud scheme involving Rolex watch sales.
Nelson Andres Holdo is accused of scamming 22 victims in Orange and Los Angeles counties from 2021 to 2026, according to the California Attorney General’s Office.
Prosecutors said Holdo specifically targeted buyers who wanted to purchase high-end Rolex models priced between $50,000 and $100,000.
He would falsely promise to source the clients’ requested watches through his overseas brokers and would convince customers to wire him the full purchase price upfront, prosecutors said.
The victims were told that the watches would arrive within four to six weeks. When the timeline lapsed and no watches arrived, Holdo would reportedly offer “endless excuses and reassurances as the weeks turned into months,” investigators said.
“When buyers finally demanded their money back, the jeweler agreed to issue refunds, but ultimately pocketed the cash, leaving most victims without their money,” court documents said.
Holdo was also accused of not paying a watch distributor for high-end watches that were sold to him, worth over $400,000.
Holdo was charged with grand theft, writing a fraudulent check and other white-collar crime enhancements.
The case will be prosecuted by the California Department of Justice. The DOJ received assistance from the Newport Beach Police Department in the investigation.
Officers chased a speeding driver wanted on suspicion of DUI in Los Angeles County Wednesday night.
The chase began out of Lynwood as the suspect drove a Mazda SUV and several Los Angeles Police Department officers trailed closely behind.
At times, the suspect narrowly missed other vehicles while running red lights and speeding on surface streets. The driver entered the northbound 710 Freeway and later transitioned to the 105 and the 110.
On the freeway, the driver weaved dangerously through traffic while hitting speeds of nearly 100 mph. At times, the driver was seen making hand gestures out the window.
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Los Angeles police pursued a possible DUI driver out of Lynwood on June 10, 2026. (KTLA) -
Los Angeles police pursued a possible DUI driver out of Lynwood on June 10, 2026. (KTLA) -
Los Angeles police pursued a possible DUI driver out of Lynwood on June 10, 2026. (KTLA)
The suspect exited in South L.A. and continued speeding on surface streets, at one point, driving the wrong way.
Due to public danger, police cancelled the pursuit near S. Broadway and W. 59th Street in the Broadway-Manchester neighborhood.
It’s unclear whether there were additional passengers inside the SUV.
Footage of the chase can be seen in the video player above.
A man was shot and killed during a child custody exchange in Covina.
On June 9, Covina police were called to a parking lot outside Home Depot at 963 W. Badillo St. just after 6 p.m.
Several people had gathered at the location to facilitate a child custody exchange. During the meeting, as an argument erupted between two men, things escalated.
One of the men pulled out a gun and shot the other man, police said. Officers were called to the scene and, despite lifesaving efforts, the victim was pronounced dead.
The suspect was taken into custody shortly after. Footage from the scene showed the parking lot was cordoned off as officers investigated the area and spoke to the other adults involved in the child custody exchange.
No further details, including the suspect’s or victims’ identities, were released.
Anyone with information on the case is asked to call the Covina Police Department at 626-384-5622.
Los Angeles High School was placed on lockdown Wednesday morning as police searched for three juveniles, including one believed to be armed with a handgun.
Officers responded to the area of Olympic and West boulevards around 8:15 a.m. following a report of an assault with a deadly weapon involving four minors.
One of the minors involved in the assault was believed to be armed with a handgun, Los Angeles Police Department Officer Miller confirmed to KTLA.
Los Angeles High School was placed on lockdown as police responded to the incident.
One suspect was taken into custody, but Miller said police are still searching for the three remaining juveniles and the handgun.
A perimeter has been set up around the school as officers search for the remaining suspects.
“Today, the school initiated a lockdown as we received reports of a possible weapon on campus,” a Los Angeles Unified School District spokesperson said. “We took immediate action, including notifying the Los Angeles School Police Department and Region West Operations for further investigation. The Los Angeles School Police Department and the Los Angeles Police Department are conducting a search of the campus for weapons. We will provide additional information once it is available.”
No information was provided about the assault victim or any injuries sustained in the incident.
Check back for updates on this developing story.
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