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Texas Jeweler Headed to Prison for Cash Advance Fraud

He was sentenced to a 27-month prison term.




A jewelry store owner in Texas has been sent to federal prison following his conviction for wire fraud.

Santiago Mora, 40, of Katy, pleaded guilty March 3, according to U.S. Attorney Jennifer B. Lowery.

A judge last week imposed a 27-month prison term to be followed by three years of supervised release.

Mora was co-owner of Alku Modern Jewelers in Katy.

During sentencing, the judge heard that Mora failed to deliver pre-paid Rolex watches valued at approximately $3.9 million to a customer. In an effort to pay the customer and others, Mora executed a scheme by which he obtained a total $500,000 in merchant cash advances via wire transfer by impersonating and using the good credit of his business partner, according to a press release from Lowery.

Mora eventually admitted his fraudulent dealings to his business partner and to using his partner’s identity to obtain merchant cash advances.


Mora was taken into custody in Miami in June 2021 after he failed to appear in court for further proceedings.



Moving Up — Not Out — with Wilkerson

Trish Parks has always wanted to be in the jewelry business and that passion has fueled her success. The original Corinth Jewelers opened in the Mississippi town of the same name in 2007. This year, Parks moved her business from its original strip mall location to a 10,000-square foot standalone store. To make room for fresh, new merchandise, she asked Wilkerson to organize a moving sale. “What I remember most about the sale is the outpouring excitement and appreciation from our customers,” says Parks. Would she recommend Wilkerson to other jewelers? “I would recommend Wilkerson because they came in, did what they were supposed to and made us all comfortable. And we met our goals.”

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