![]() Numerous victims of Farrer spoke with The Times for the October article, including one man who said he lost his life savings to Farrer. 14.įarrer stole about $3 million from at least 20 victims, according to Palmerton. If convicted, Farrer faces up to 20 years in prison and is currently being held at the Metropolitan Detention Center in Los Angeles. District Court in the Central District of California. “Rather than selling the watches and remitting the funds back to the watch owners, Farrer appears to instead sell the watches and keep the proceeds for himself,” wrote Justin Palmerton, an FBI agent, in an affidavit filed Monday in U.S. He sold watches worth hundreds of thousands of dollars. It is able to get and shop in-store, and it has a large subscriber base. Anthony Farrer owned a luxury watch consignment business, The Timepiece Gentleman, in Beverly Hills. It’s found at CT 65 in Dallas, Texas, 75201, USA. The businessman, who ran a watch company called the Timepiece Gentleman, told potential clients that he would sell their watches and take a commission but often kept all the money, prosecutors announced Wednesday. Timepiece Gentleman is easily the most esteemed watch shop. Of course this is true and amazing thing is he is poor to others, it is all relevant.A Beverly Hills luxury watch dealer accused of stealing people’s pricey timepieces was arrested by the FBI following a report in The Times detailing the allegations of theft against the dealer.Īnthony Farrer, 35, was charged with mail fraud and wire fraud over his alleged consignment scheme. I'm confident it ceased being about the money a long time ago. I chalk it up to the fact that he's been doing it for ~40 years, enjoys it & doesn't know what else he'd do. No, it's not a cubicle, but making 8-16hr time swings regularly sounds just as miserable to me when you don't have to do it, especially at his age. Flying private or not, I can't think of why, at his age & level of wealth, he would want to cross the globe & back within 5 days. America, Africa and back in less than a week on a regular basis. Yet he flies around the globe jumping from the US, to Asia, S. Surprisingly, the firm went dark on its social media platforms, which baffled numerous people and investors. The dealer has gained immense popularity recently. These days, he’s more focused on managing other artists, being an influencer, and running his company OMG VIP, which brings artists and their fans together in intimate and memorable experiences. Timepiece Gentleman is a Dallas-based secondary watch dealer. In 2017, Casio sold 8.5 million G-Shocks. Robertas article says that in 2019 the Swiss watch industry sold 21.1 million units. And I think that a lot of journalists forget this, or are persuaded to forget this, because it is the story that Apple want to tell. ![]() Worth the wait (SN-0121) r/ChineseWatches. This is true - however, the Swiss Watch industry isnt the watch industry. Reply kineticdeck COACHCAINE Additional comment actions. I'm not sure if you consider that wealthy (no sarcasm intended), but he does not need to work. Well, Celebrity Net Worth lists him at a 60 million dollar net worth, while Wealthy Persons says 70 million. Anthony farrer timepiece gentleman should do 3 years to dry out and reflect. The 35-year-old allegedly operated a Ponzi-type scheme, promising to sell clients' luxury watches on consignment but keeping the earnings for himself. I wasn't going to include it yesterday, but the CEO of the company I work for is 70+ years old and worth ~$200mm. Anthony Farrer, known as 'The Timepiece Gentleman' and founder of a luxury watch consignment store in Beverly Hills, was arrested by the FBI on charges of defrauding customers. If your money is family money that you didn't build/earn yourself, you're going to have a different perspective than the overwhelming number of others. And yes, while I can make an assumption on what you consider wealthy (based on managing your family's trust), there are plenty of top 5% and higher people out there that enjoy working. My point is that not everyone hates their jobs. You and I have vastly different ideas about what it means to be wealthy. But you really think they sit in the cubicles because they like it? I’m not trying to have an argument about wealth. ![]()
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