A luxury jewellery retailer, Vashi Dominguez, ran a £170 million diamond scam, instructing staff to pose as customers to deceptively attract investors. His business, Vashi, collapsed in 2023, leaving investors with total losses as promised diamond stock valued at £157 million was later found to be worth only about £100,000.

• The scam involved fabricating sales figures; internal documents showed real sales in 2021 were only £5 million, a mere 5% of the £100 million published.
• Vashi Dominguez disappeared after the collapse, reportedly flying to Dubai, with neither the Metropolitan Police nor the Serious Fraud Office (SFO) initiating an investigation.
• The company's accountant, Rajnikant Patel, signed off on the false accounts but claimed no direct responsibility for investors' losses, stating it had "nothing to do with us."