Diamonds are for-never? Norfolk jury awards $379,000 verdict against fraudulent jeweler.

November 8th, 2016 by JBWK

Submitted by Attorney Charles Patrick Tench

On September 15, 2016, the jury in the cases of Bosun Hau v. Intercarats, LLC and Shashank Kamdar and Ming Fang v. Intercarats, LLC and Shashank Kamdar entered a substantial verdict of $379,000 against the Defendants for violations of the Virginia Consumer Protection Act (VCPA), breach of contract and fraud.  The verdict amount includes punitive damages, treble damages under the VCPA and compensatory damages, and the Plaintiffs were awarded their attorney’s fees and costs.  The jury took the extraordinary step of ‘piercing the corporate veil’ of Intercarats, LLC to hold Mr. Kamdar personally liable for the judgments.  Based on the evidence presented, it found that Kamdar sold the Plaintiffs diamond engagement rings and provided them with diamond grading reports.  However, the stones that were actually set in the rings were different from those represented in the reports and were of much lower quality.
 
Buyer beware!  If you are thinking of buying that special someone a diamond in the upcoming holiday season, make sure that you are getting what you pay for.
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