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Luxury retailer files for bankruptcy amid fraud allegations

Summary by Cleveland
Lugano Diamonds & Jewelry has filed for Chapter 11 bankruptcy protection and is seeking a buyer after a series of lawsuits accused founder Mordechai “Moti” Ferder of defrauding clients and disappearing with their money, the Los Angeles Times reports.

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Luxury retailer files for bankruptcy amid fraud allegations

Lugano Diamonds & Jewelry has filed for Chapter 11 bankruptcy protection and is seeking a buyer after a series of lawsuits accused founder Mordechai “Moti” Ferder of defrauding clients and disappearing with their money, the Los Angeles Times reports.

·Cleveland, United States
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Cleveland broke the news in Cleveland, United States on Wednesday, November 19, 2025.
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