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Jeweler Charged with Scheme Targeting Military Families

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Authorities filed a 14-count felony complaint.

A California jeweler and his wife face criminal charges for allegedly conspiring to engage in illegal financing and debt collection practices.

California Attorney General Xavier Becerra announced the charges against Ramil Abalkhad, owner of Romano’s Jewelers, and Melina Abalkhad, owner of MBNB Financial Inc.

Romano’s Jewelers had several retail locations in California, including stores near Camp Pendleton Marine Corps Base. The Abalkhads targeted young marines and sailors, encouraging the purchase of jewelry using MBNB Financial for credit, according to a press release from Becerra’s office.

According to the criminal complaint, Abalkhad failed to provide legally required disclosures about monthly payments, interest rates or others terms of financing. Those customers who fell behind on their payments were allegedly harassed by the defendants’ debt collectors.

In addition, the defendants posed as an attorney, threatening servicemembers with court martial and other military disciplinary actions, the press release states.

“Our servicemembers and military families sacrifice immensely for our country – the last thing they should have to worry about is being fleeced by local merchants,” Becerra said. “At the Department of Justice, we will vigorously protect California’s servicemembers and veterans, like all consumers in California. We will continue working with our military partners who provide legal assistance and financial counseling to educate and protect military consumers.”

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The California Department of Justice filed a 14-count felony complaint that charges the defendants with conspiracy to violate the Unruh Act, which protects consumers who buy goods or services on credit, and the Rosenthal Fair Debt Collection Practices Act, which protects Californians against unlawful debt collection practices.

Ramil Abalkhad was additionally charged with engaging in a check kiting scheme involving Romano’s Jewelers bank accounts that resulted in a loss of $270,000 to First Bank.

A third defendant, MBNB employee Ramiro Salinas, was also charged with conspiracy to engage in unlawful debt collection.

Ramil and Melina Abalkhad were arrested on Sept. 26, and bail was set at $235,000 and $40,000, respectively. Salinas was arrested on Sept. 29, 2017, and bail was set at $100,000.

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When the Kids Have Their Own Careers, Wilkerson Can Help You to Retire

Alex and Gladys Rysman are the third generation to run Romm Jewelers in Brockton, Mass. And after many decades of service to the industry and their community, it was time to close the store and take advantage of some downtime. With three grown children who each had their own careers outside of the industry, they decided to call Wilkerson. Then, the Rysmans did what every jeweler should do: They called other retailers and asked about their own Wilkerson experience. “They all told us what a great experience it was and that’s what made us go with Wilkerson.” says Gladys Rysman. The results? Alex Rysman says he was impressed. “We exceeded whatever I expected to do by a large margin.”

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