Jurors award Drew Brees more than $6M in jewelry lawsuit

[TexasTowelie]

A Superior Court jury on Friday awarded New Orleans Saints quarterback and former San Diego Charger Drew Brees more than $6 million in his civil lawsuit against a La Jolla jeweler that Brees said mislead him about the value of jewels.

Brees was not in court for the reading of the verdict, but he and his wife both testified during the two-week trial. In total, the jury awarded the Breeses $6,130,767.

The Breeses sued Vihad Moradi of CJ Charles Jewelers last year, alleging Moradi lied to them about the value of diamonds. Brees and his wife said they bought the diamonds as an investment and claimed the jeweler defrauded them when he valued the jewels at $15 million.

“It was our position that Mr. Moradi breached his fiduciary duty, and that’s essentially what the jury said,” said attorney Andrew Kim, who co-represented the Breeses with Rebecca Riley. “They saw Mr. Moradi for exactly what he is: a grifter and a confidence man.”

Read more: https://www.sandiegouniontribune.com/news/watchdog/story/2019-06-21/jurors-award-drew-brees-6-m-in-jewelry-lawsuit

[JDC]

1. Diamonds feel like a weird investment.

I get a precious metal fund or something along those lines, but diamonds just feel like they're used as nefarious currency. I've seen too many movies I guess.

[TeamPooka]

2. Diamonds are not an investment vehicle and never have been. They are a controlled supply

that is manipulated by DeBeers.
It is a false market, unlike that for gold, silver etc.