Summary
The owner of a jewellery business, Vashi Dominguez, allegedly deceived investors by instructing his shop staff to act as customers. This was to make the stores appear busy and attract more investment. The business eventually collapsed, leaving millions in debt and Dominguez unaccounted for.
Key Facts
- Vashi Dominguez's jewellery business collapsed in 2023, owing £170 million.
- Shop staff were told to pretend to be customers to mislead investors.
- Promised stock worth £157 million was later valued at only £100,000.
- Authorities decided not to investigate Dominguez after his disappearance.
- The business had stores in major UK cities like London, Birmingham, and Manchester.
- Dominguez was known for marketing himself on TV and offering custom jewellery experiences.
- The company opened a lavish flagship store in Covent Garden in 2021.
