![]() Farrer induced victims into wiring funds for the purchase of luxury watches and, instead of purchasing the agreed-upon watch, he would send them a different watch, the complaint alleges. He traveled frequently to, and engaged in gambling in, Las Vegas, according to the complaint. Farrer lived in a luxury rental property and was known to drive a Lamborghini and Ducati motorcycles. Rather than remitting funds back to the customers less the commission, he kept the proceeds for himself. Attorney’s Office, Central District of California explains: “The complaint alleges that Farrer defrauded victims beginning in late 2022 until the summer of 2023, when he promised customers he would sell their luxury watches on consignment. ![]() When clients would contact Farrer for money, further complaints allege he would attempt to send watches to clients in place of the desired payment. In other scenarios, the complaint alleges Farrer would accept funds for a requested watch – only to then ship the client a completely different watch. ![]() However, the federal criminal complaint filed claims Farrer was pocketing not only the agreed commissions of the sale but also the entire net of the sale. There is, of course, nothing illegal about selling watches on consignment. He would then take the watches under signed consignment agreements, in which he would collect a commission upon the sale of the watch – typically around 5%. A detention hearing is scheduled for Thursday.”Īccording to the unsealed affidavit, Anthony Farrer, who founded Gentleman Timepieces in Texas in 2017, and would later open a Beverly Hills, CA location in 2022, would connect purchasers and sellers of high-end watches. He made his initial appearance this afternoon in United States District Court, and an arraignment was scheduled for December 14. Farrer, who also was known as ‘The Timepiece Gentleman,’ was arrested without incident at a storage facility in Venice and was held in federal custody overnight. Attorney’s Office, Central District of California reads: “Anthony Farrer, 35, who until recently lived in downtown Los Angeles, was charged in a federal criminal complaint filed Monday with wire fraud, a felony that carries a statutory maximum sentence of 20 years in federal prison. Anthony Farrer, the operator behind watch vendor Gentleman Timepieces in California, was arrested by the FBI on Tuesday. A big headline this week is the perfect example of why. ![]() When you buy a watch outside of an authorised dealer, you do not just have to evaluate the watch you are interested in but also the seller you are looking to purchase it from. In our recent story, we shared your responses to the best advice to give to a newbie watch collector, and one of the most common pieces of advice you all mentioned was the idea of ‘buy the seller’. I/trending 5094 ‘The Timepiece Gentleman’ Anthony Farrer arrested by FBI, faces fraud charge and 20 years in prison Zach Blass ![]()
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