Ralph Esmerian is the owner of a jewlery store and he was accused of fraud for lying to get loans to finance his company, more then 210 million dollars. He was arrested at his girlfriend house on monday. Esmerian has attemted to make his comapany bigger through different loans from Merrill Lynch and Acorn Capital Group money. The feds claimed that Raplh sold different loans but same jewlery well only some of it. He financed from Fred Leghiton Sold it and kept the money for himself. Hes still accused of lying from the money thats missing.
WOW ! how can the owner Fraud of lying to get loans? Like who steals anymore -__-? where they do that at? Especially if its for a company dont think your not going to get caught.
http://www.nydailynews.com/ny_local/2010/11/22/2010-11-22_ralph_esmerian_owner_of_celebrity_jeweler_fred_leighton_arrested_on_bankruptcy_f.html
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