Home Tags Crime
Diamond District dealer to the stars Rafaello & Co. refunds the rapper after failing to authenticate $400,000 Patek Philippe watch.
All the knock off watches originated from Hong Kong and were destined for addresses across the US.
Victor River and Johan Araujo are charged with conspiracy to commit robbery, robbery, attempted robbery, attempted extortion, interstate transportation of stolen property, money laundering, and firearms offenses.
Eleven robberies or attempted robberies in Long Island, New York City, New Jersey and Manhattan listed by prosecutors in case against armed duo.
Legitimate retailers of new or pre-owned luxury watches are urged to be on their guard because the trade is supporting dangerous criminals.
Surveillance footage shot in San Francisco’s Sunset District last October shows a middle age woman attacked on her driveway for jewelry and her watch.
Criminals are laundering money and moving liquid assets around the world using luxury watches as a form of illicit currency.
Shay Belhassen, owner of DBS Diamonds, which trades in gems, jewelry and rare watches from the likes of Richard Mille was targeted for his rose gold Richard Mille RM 11-03 Flyback Chronograph watch.
Since January 30, the Wilshire Area of Los Angeles has had seven robberies involving Rolex watches.
US Customs and Border Protection officers have seized a haul of 85 fake Rolex watches that would have been worth almost $6 million had they been the real thing sold by an authorized dealer.