The purchases took place between 2012 and 2016. Moradi claimed to be an expert in acquiring investment-grade diamonds, but an independent appraiser told the couple in 2017 that the diamonds were worth $6.7 million less than what they had paid.
One of the diamond rings in question Moradi sold Brees and his wife for $8.1 million. It was actually worth only $3.75 million. Another Moradi claimed was from Europe, but was really purchased from a dealer in Orange County.
Brees wasn’t present for the verdict reading but did testify early on in the trial.