Moron, indeed!
The bling was worth $55k (unless it is an insurance fraud scam); but why was he carrying over $65k in cash? It is his right to carry all the cash he wants, but not very smart when plastic is so much safer.
Yeah, especially for people who are prone to bringing women they just met back to their hotel room and letting her fix a drink for him. He also might want to think about getting some cheap bling for these occasions. I don't know about Denver, but here in NYC there are Nigerian guys selling bling off folding tables on the sidewalks, who could set him up with a gigantic super-shiny watch/ring/necklace ensemble for $50 bucks.