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He sold luxury watches. The FBI says he scammed customers out of $3 million.
Posted on 11/15/23 at 2:52 pm
Posted on 11/15/23 at 2:52 pm
quote:
Federal prosecutors charged the founder of a Beverly Hill's luxury watch consignment store for operating a Ponzi-type scheme, the Department of Justice announced Wednesday.
The FBI arrested Anthony Farrer, known as "The Timepiece Gentleman," on Tuesday inside a storage facility in Venice and held him in custody until his initial appearance in court. There, authorities read him his charges: a count of wire fraud, which carries a maximum sentence of 20 years in federal prison.
Farrer founded his business in 2017 in Texas. He expanded his company by establishing a location in Beverly Hills last year. He allegedly defrauded his clients from late 2022 until 2023 by promising to sell their luxury watches on consignment, but would keep the earnings for himself, according to a federal complaint.
Additionally, authorities claimed that Farrer would have his clients wire him money for luxury watches, but would not buy the desired piece. Instead, he would send them a different timepiece than what they requested. In one instance, Fareer allegedly sent a Rolex to one of the victims in lieu of money he owed. However, the watch belonged to another customer which Farrer was supposed to sell and not use to pay off his debts.
Federal prosecutors said Farrer lulled his victims into a sense of security by completing small transactions for them before taking on the more lucrative items.
Law enforcement believes that he defrauded about $3 million from his clients by never purchasing a watch for them or never returning their expensive jewelry.
Farrer's arraignment is scheduled for Dec. 14, but he is expected to return to court on Thursday for his detention hearing.
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Posted on 11/15/23 at 2:54 pm to John88
I loved it when he first got exposed he started doing daily videos showing how he was paying down the $5 million mess he had made, he made it 5 days and left YT.
Posted on 11/15/23 at 2:54 pm to John88
That lout! He conned my backup driver out of $350,000. Thank goodness the authorities are on the job!
Posted on 11/15/23 at 2:54 pm to John88
There’s a good thread about him on the baller busters Instagram. He was also a gay gigolo
Posted on 11/15/23 at 2:55 pm to John88
This guy is a piece of shite and has been for quite some time.
Posted on 11/15/23 at 2:56 pm to John88
not very gentlemanlike
Posted on 11/15/23 at 2:58 pm to Obtuse1
quote:
I loved it when he first got exposed he started doing daily videos showing how he was paying down the $5 million mess he had made, he made it 5 days and left YT.
It really seemed like he thought he could admit the crimes and publicly talk about it and nothing was gonna happen legally to hi
Posted on 11/15/23 at 2:58 pm to John88
Do people honestly think they can get away with shite like this?
Posted on 11/15/23 at 2:59 pm to LNCHBOX
quote:
It really seemed like he thought he could admit the crimes and publicly talk about it and nothing was gonna happen legally to hi
"...your honor, I already talked about all of this on my youtube channel. Can we please put this behind us?
Also, your honor, don't forget to like and subscribe."
This post was edited on 11/15/23 at 3:01 pm
Posted on 11/15/23 at 3:01 pm to John88
I know I’m just a poor but why the hell do people spend tens of thousands of dollars on watches?
Posted on 11/15/23 at 3:06 pm to jcaz
quote:
I know I’m just a poor but why the hell do people spend tens of thousands of dollars on watches?
Why do people spend tens of thousands of dollars on anything that isn't a house or a car?
Posted on 11/15/23 at 3:08 pm to LootieandtheBlowfish
quote:
a gay gigolo
.
.
.
Posted on 11/15/23 at 3:09 pm to jcaz
quote:
why the hell do people spend tens of thousands of dollars on watches?
O god here we go again.. something somehting iPhone….
.
.
This post was edited on 11/15/23 at 3:10 pm
Posted on 11/15/23 at 3:11 pm to LSUPERMAN
quote:
Do people honestly think they can get away with shite like this?
Unfortunately, a lot of people do but they aren't usually living the flex life on social media doing stupid shite like dropping thousands at Nusr-Et (Salt Bae) but I guess con men stick together.
Posted on 11/15/23 at 3:12 pm to John88
That guy simply exudes cellblock. There was no way he was going to operate ethically. I am mystified that people are foolish enough to do business with such a low class character.
Posted on 11/15/23 at 3:12 pm to Obtuse1
Mintzy is doing the exact same thing, trying to con folks into buying crappy BRICK watches.
Posted on 11/15/23 at 3:13 pm to Obtuse1
This guy is no John Buckley
Posted on 11/15/23 at 3:18 pm to John88
Between this shite and the super fakes these days I think I am done buying watches online. Waiting for Broke or Obtuse (I think those are the super watch guys on here) to comment on this.
Posted on 11/15/23 at 3:20 pm to jbgleason
quote:
Waiting for Broke or Obtuse (I think those are the super watch guys on here) to comment on this.
Obtuse was the first to reply - look up.
Posted on 11/15/23 at 4:26 pm to LSUPERMAN
Yeh. Until they get caught then they all cower
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