Author Topic: Watch Dealer Ponzi Scheme (Not Lakewood This Time)  (Read 3370 times)

Offline coffeebean

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Watch Dealer Ponzi Scheme (Not Lakewood This Time)
« on: August 15, 2023, 01:21:37 PM »
Anyone following?
« Last Edit: August 15, 2023, 01:29:57 PM by Something Fishy »

Offline coffeebean

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Re: Watch Dealer Ponzi Scheme
« Reply #1 on: August 15, 2023, 01:25:00 PM »
I've been digging for hours last night. This is someone I respected for months. Here is the "apology video" after he has been caught. https://youtu.be/tyKfOviGeMM

Offline Something Fishy

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Re: Watch Dealer Ponzi Scheme (Not Lakewood This Time)
« Reply #2 on: August 15, 2023, 01:30:25 PM »
Updated the title 🙈
Check out my site for epic kosher adventures: Kosher Horizons

Offline coffeebean

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Re: Watch Dealer Ponzi Scheme (Not Lakewood This Time)
« Reply #3 on: August 15, 2023, 01:33:22 PM »
Check out r/TheTpGentleman on reddit. He's been raising red flags for years. Not sure how he became so trusted. $5m in debt is a ton of cash.

Offline CountValentine

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Re: Watch Dealer Ponzi Scheme (Not Lakewood This Time)
« Reply #4 on: August 15, 2023, 01:51:18 PM »
Only on DDF does 24/6 mean 24/5/half/half

Offline Naftuli19

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Re: Watch Dealer Ponzi Scheme (Not Lakewood This Time)
« Reply #5 on: August 15, 2023, 01:56:58 PM »
Is he dead or not?
Sometimes You Will Never Know the True Value of A Moment Until It's Become A Memory...

Offline Moshe123

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Re: Watch Dealer Ponzi Scheme (Not Lakewood This Time)
« Reply #6 on: August 15, 2023, 02:00:46 PM »
How did this scam work?

Offline Euclid

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Re: Watch Dealer Ponzi Scheme (Not Lakewood This Time)
« Reply #7 on: August 15, 2023, 02:00:58 PM »
TL;DW - what happened?

Offline coffeebean

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Offline coffeebean

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Re: Watch Dealer Ponzi Scheme (Not Lakewood This Time)
« Reply #9 on: August 15, 2023, 02:06:21 PM »
How did this scam work?
Basic Ponzi. Buying with installments, selling for under value.

Offline coffeebean

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Re: Watch Dealer Ponzi Scheme (Not Lakewood This Time)
« Reply #10 on: August 15, 2023, 02:07:50 PM »
TL;DW - what happened?
Ponzi scheme. Fell into 5m in debt.

Offline Moshe123

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Re: Watch Dealer Ponzi Scheme (Not Lakewood This Time)
« Reply #11 on: August 15, 2023, 02:08:53 PM »
Basic Ponzi. Buying with installments, selling for under value.

Is watch consignment, selling on credit?

Offline Naftuli19

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Sometimes You Will Never Know the True Value of A Moment Until It's Become A Memory...

Offline coffeebean

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Re: Watch Dealer Ponzi Scheme (Not Lakewood This Time)
« Reply #13 on: August 15, 2023, 02:11:12 PM »
Is watch consignment, selling on credit?
No, the watch dealer will hold the watch and attempt to sell it. I believe this guy would sell the watch under value for quick cash and lie to the seller.

Offline Naftuli19

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Re: Watch Dealer Ponzi Scheme (Not Lakewood This Time)
« Reply #14 on: August 15, 2023, 02:12:18 PM »
No way! I knew this might happen.
donno how legit these sites are
Sometimes You Will Never Know the True Value of A Moment Until It's Become A Memory...

Offline coffeebean

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Re: Watch Dealer Ponzi Scheme (Not Lakewood This Time)
« Reply #15 on: August 15, 2023, 02:14:51 PM »
donno how legit these sites are
Not legit 10 day old articles. He has posted YT videos since.

Offline lcm

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Re: Watch Dealer Ponzi Scheme (Not Lakewood This Time)
« Reply #16 on: August 15, 2023, 02:18:51 PM »
Not legit 10 day old articles. He has posted YT videos since.
Does the content reject the notion that they could have been scheduled?

Offline Naftuli19

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Re: Watch Dealer Ponzi Scheme (Not Lakewood This Time)
« Reply #17 on: August 15, 2023, 02:30:40 PM »
He has posted YT videos since.
Cant u sced upload times?
Sometimes You Will Never Know the True Value of A Moment Until It's Become A Memory...

Offline Alexsei

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Re: Watch Dealer Ponzi Scheme (Not Lakewood This Time)
« Reply #18 on: August 15, 2023, 02:36:20 PM »
Who can get a bullet point style TL;DR from ChatGPT how this scam worked ? (-Lazy)
Jews ≠ Zionists
Palestinians ≠ Hamas
Satmar ≠ SatmarHQ

Offline CountValentine

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Re: Watch Dealer Ponzi Scheme (Not Lakewood This Time)
« Reply #19 on: August 15, 2023, 03:38:16 PM »
I'm going to stop and nothing to fix the mess I'm in, but from here on out I'm going to do it in silence. I thoroughly enjoyed the time I had in this industry but it's time to move on to something new.

I enjoyed the time I spent here and the connections I made. There are some really great dealers here. Unfortunately, I have brought to much negative attention to the watch industry and the grey market so it's time I leave.

To all the supporters, I appreciate the messages both in text and DM's. I hope, sometime in the future, once I've repaid my debts to those involved, you can forgive me. Until then, I do not want anyone or any organization being attacked because of their association with me.

I will be changing my number and only sharing it with those that are directly involved with me. I will leave my Instagram @anthony active for people to send me messages or job offers. I am willing to work and I work harder than anyone you know. I will make right my wrongs. I will continue to push through no matter how hard it gets. I will just no longer be using social media to do it.

Once again, to anyone affected by my actions, I sincerely apologize. If you are a client of mine, text me and we will continue to stay in constant contact as we have.

 Cheers to everyone. Wish everyone the best.
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