Closing arguments scheduled in civil trial between Drew Brees and jeweler

first_img Posted: June 19, 2019 KUSI Newsroom, KUSI Newsroom Closing arguments scheduled in civil trial between Drew Brees and jeweler June 19, 2019 SAN DIEGO (KUSI) – Closing arguments are scheduled Wednesday in the civil trial between NFL quarterback Drew Brees and a La Jolla jeweler who the football pro alleges defrauded him and his wife out of millions when he sold them several diamonds at far above their actual value.The Breeses say Vahid Moradi sold them $15 million in diamonds between 2012 and 2016. However, when the couple took the diamonds to an independent appraiser in 2017, they were told that the diamonds were worth about $9 million less than they had paid, according to Brees’ attorneys.The lawsuit, filed in San Diego Superior Court last year, accuses Moradi and his company, CJ Charles Jewelers, of selling Brees and his wife Brittany several supposedly investment grade diamonds that were supposed to appreciate in value.On the witness stand, Brees testified that he and Moradi had developed a close friendship starting in 2003, when Brees began purchasing Panerai watches from Moradi’s store. Around 2008 or 2009, Moradi began advising Brees to invest in colored diamonds, of which Brees testified he knew little about, making him uncertain.Brees said Moradi told him the diamonds would appreciate anywhere from 150 to 200 percent, which was an opportunity the Breeses felt they should latch onto, as Brees “knew he can’t play football forever,” his attorney Rebecca Riley said in her opening statement.Brees testified, “I always try to see the best in people and unfortunately that’s probably why I’m in this situation right now.”Riley said Moradi represented himself as an expert in investment grade diamonds, and betrayed Brees’ trust in his expertise.Among the most egregious examples Riley pointed to was a diamond ring Moradi sold the Breeses for $8.1 million that was actually worth $3.75 million.Another diamond Moradi allegedly claimed was from Europe was actually purchased from a dealer in Orange County, she said.“Drew trusted Moradi,” Riley said. “He held him in esteem. He believed him to be a friend.”Moradi’s attorney, Peter Ross, said Aldo Dinelli, a Houston-based jeweler the Breeses consulted to appraise the diamonds, was a “con man” who scammed the couple.The attorney alleged that Dinelli advised the Breeses that Moradi had scammed them, even though he did not know how much the Breeses had paid for the pieces.“How could he possibly know that Drew Brees had been ripped off?” Ross asked the jury. “He couldn’t. But he had accurately sized up Drew Brees to be an easy mark.”Dinelli allegedly advised the Breeses to sell the pieces — now at prices below their actual worth — to a wholesale dealer associated with Dinelli, according to court filings from Moradi’s attorneys.Further, Ross said any discrepancies between what Moradi paid to obtain the diamonds and what the Breeses paid him was part of a standard markup that is commonplace within the industry to allow retailers to cover business expenses, according to the attorney. Categories: Local San Diego News FacebookTwitterlast_img read more


WILMINGTON REC REMINDERS Take An Ocean City Getaway This Spring

first_imgWILMINGTON, MA — Below is a recent announcement from the Wilmington Recreation Department:Our travelers will boil it down for you – “just pay the Recreation Department the money, and then all you have to do is show up!”If you’re looking for a nice escape this Spring, consider a jaunt to Ocean City with Wilmington Recreation on Tuesday through Friday, May 28 – 31!We take care of all the details – once you’re registered you can sit back, relax and enjoy this wonderful tour! We’ll be staying right on the beach in Ocean City. This mid-Atlantic seaside resort town features miles of shoreline, a boardwalk lined with shops and restaurants, and proximity to Assateague Island, home to wild ponies. We’ll tour Ocean City and the Assateague Island National Seashore, we’ll explore the Victorian town of Berlin and we’ll visit a Life-Saving Museum. We’ve got evening entertainment including a Magic Show one night, and the option to visit the Ocean City Casino another night. We’ve got lots of fun activities included, as well as some down time so you can enjoy some R & R on your vacation, whether you want to walk the beach, shop or enjoy the indoor or outdoor pools at the hotel.Our package includes round trip motor coach transportation, 3 nights accommodations, 6 meals, admission fees, a Tour Director, taxes and gratuities (except Tour Director and Driver). $645 p.p.d.o.To register, or if you have any questions, please call the Wilmington Recreation Dept. at 978-658-4270.Like Wilmington Apple on Facebook. Follow Wilmington Apple on Twitter. Follow Wilmington Apple on Instagram. Subscribe to Wilmington Apple’s daily email newsletter HERE. Got a comment, question, photo, press release, or news tip? Email wilmingtonapple@gmail.com.Share this:TwitterFacebookLike this:Like Loading… RelatedWILMINGTON REC REMINDERS: Mother’s Day Gift Ideas From The Recreation DepartmentIn “Community”WILMINGTON REC REMINDERS: Day Trip To New York City On October 19In “Community”WILMINGTON REC REMINDERS: Perfect 10-Day Trip For History Buffs Set For SeptemberIn “Community”last_img read more


Samsung India to hire 1000 engineers for AI and other newage domains

first_imgA Samsung logo is displayed above a check-out counter at a Samsung showroom in Seoul on July 31, 2014.ED JONES/AFP/Getty ImagesTechnology major Samsung has stated that it would hire 1,000 engineers for its research and development (R&D) facilities in India, according to a PTI report.The South Korean company will recruit talents from top institutes like IITs, NITs, BITS Pilani, Delhi College of Engineering, Manipal Institute of Technology and IIITs.”Samsung is extremely bullish on R&D in India. We have been here for over 22 years. The three R&D centres in India work on several cutting-edge technologies,” said Dipesh Shah, Samsung global senior vice-president and MD Samsung R&D Institute India Bengaluru. Out of the 1,000 new recruits for the three R&D centres, about 300 will be picked from the IITs, he added.The company said in a statement that the newly recruited engineers are mainly for new age domains such as artificial intelligence, Internet of Things (IoT), machine learning, biometrics, natural language processing, augmented reality and networks including 5G.Students who are not from computer science stream such as electrical engineering, mathematics and computing, applied mechanics, and statistics would also be recruited.Out of the total 32 R&D centres Samsung has across the world, three are in India: Bengaluru, Noida and Delhi. It must be noted that the Bengaluru centre is the biggest one located outside the company’s headquarters in South Korea. In Bengaluru centre, research related to smart devices, semiconductors, printers, modems, Internet protocols and networks is being conducted.last_img read more


BNP submits list of 4429 cases to CEC

first_img.BNP on Sunday submitted a list of cases filed against its leaders and workers to chief election commissioner KM Nurul Huda, reports UNB.According to the list, the total cases filed during January 2018 to 14 November, 2018 is 4,429 while the total number of accused is 4,34,975 with 1,09,441 named and 3,25,534 unnamed accused. Of the accused, the number of arrestees is 10,472 ones.A BNP leader, Salauddin Khan, submitted the list attached with a letter signed by BNP secretary general Fakhrul Islam Alamgir to the CEC’s office in the city’s Agargaon area in the morning.Some 773 BNP leaders and workers were arrested after the commission announced the election schedule on 8 November, the letter says.Among the cases, BNP earlier submitted two lists of some 2,048 cases to the prime minister’s office on 6 November and 13 November after the two rounds of talks held between Jatiya Oikya Front and Awami League-led 14-party alliance at Ganobhaban in the city.In the letter to the CEC, BNP said they were not informed whether the cases were withdrawn and arrested leaders and workers released after the submission of their lists of the cases to the prime minister.BNP also requested the CEC to relieve its leaders and workers from the cases and immediately stop their arrest.It further said thousands of false, fabricated, peculiar, baseless, fictitious and politically motivated cases were filed against its central unit and different grassroots units’ leaders across the country after Awami League came to power in 2009.The letter said law enforcement agencies kept arresting BNP leaders and activists filing false and fictitious cases against them across the country since September 1 ahead of the next parliamentary polls.Even the names of dead, ailing and maimed persons, hajj pilgrims, and persons staying abroad were accused in the fictitious cases, the letter reads further.last_img read more


Bengal lawyers end monthlong cease work

first_imgKolkata: The ongoing cease work of the lawyers in the state for over a month was lifted on Friday, with the state Bar Council appealing to the lawyers to postpone their movement and commence their work. Normal work will resume from Saturday. “We have decided to postpone the strike till September 2, keeping in mind the harassment of the people. All steps have been taken and a resolution that was taken at the Council’s meeting today (Friday) has also been put up in the form of a notification. The lawyers are joining work from Saturday,” said Baiswanor Chatterjee, member of the working committee of the Bar Council. A notification urging the lawyers to join work has also been published. Also Read – Rs 13,000 crore investment to provide 2 lakh jobs: MamataThe common people seeking justice had to face a lot of problems because of the cease work and people coming to Calcutta High Court and the lower courts from far-flung districts seeking justice have been returning home disappointed. There were indications earlier that the cease work will be withdrawn soon after the election process. A major clash took place between the lawyers and staff of Howrah Municipal Corporation (HMC) over vehicle parking at Howrah Court area on April 24. Some lawyers were injured in the clash after the police intervened, following which the lawyers called for cease work alleging police excess. The lawyers in the other courts also extended solidarity to the movement and it spread to all courts across the state. “We are still sticking to our demand that those responsible for the attack on the lawyers should be punished. However, the strike has been postponed considering the problems faced by the common people,” a member of West Bengal Bar Association said.last_img read more


Aimia reaches settlement agreement in Aeroplan expiry class action case

first_img Friday, August 31, 2018 Tags: Aeroplan, Aimia, Lawsuit MONTREAL — Aimia says it has signed a deal to settle a class action case related to changes to its Aeroplan mileage expiry and accumulation rules.Under the proposed terms of the agreement, Aimia will deposit a set amount of Aeroplan Miles into the accounts of eligible members.The suit was filed after the loyalty rewards program announced changes to its mileage expiry rules in October 2006.Aimia says the agreement is a positive resolution for members and stakeholders.The settlement is subject to approval by Quebec Superior Court.Aimia signed a tentative deal last week to sell the Aeroplan loyalty program to an Air Canada-led group, which includes TD Bank, CIBC and Visa Canada Corp. By: The Canadian Press Aimia reaches settlement agreement in Aeroplan expiry class action case Share << Previous PostNext Post >>last_img read more