The stoeln VCs have been returned!

Jerry Ee, who stole all these nice VCs, surrendered to the police on Tuesday, and returned over 200 stolen watches

http://sg.news.yahoo.com/cna/20090317/tap-921-sporean-wanted-s-8m-cortina-watc-231650b.html
Re: The stoeln VCs have been returned!
03/19/2009 - 17:15
Hi Francois, I thought his surname was "Eeeeeeeeeeeeeeeee" or was that what he said when he was caught?? je te plaisante Joseph
LOL!
03/19/2009 - 17:24
By the way, I'm still having problems with your email JB...
the question is whatthe hell happened? How did the guy manage to
03/19/2009 - 17:30
smuggle over 300 watches out of the country and secondly how come no buyers showed up?
Maybe it's because of Duncan and you
03/19/2009 - 18:08
posting the information on the HL... You guys saved the day and should call them and ask for a reward (although as Shady Joe pointed out, maybe they aren't very happy about the results...) I am not that surpried that he didn't sell all of his watches...  1) Firstly, it should take a while to get rid of all that stock, especially if he did't want to attract attention to himelf... 2) Potential buyers for these kind of watches aren't usually the dumbest people on the earth, and one would think that they would do some sort of check to make sure that the watch would be legit (at least I did a fair bit of due diligence when I bought my Hublot on the secondary market, calling both AD and Hublot to verify the authenticity of the piece)... that might have made it harder to liquidate his stock 3) Would you have bought from him if you knew that it was stolen goods (even if he offered the watch at 10% of retail)? Judging at least by the Loungers, I would be surprised if many of us would knowingly accept to execute an illegal trade. Maybe I'm being naive, but I would hope that the majority of the potential buyers would be of the same views. The guy was an employee at the watch boutique, it's not like he had connections with the mafia who could have bought "in bulk".
in these hard times I wonder if the shop wouldn't have preferred
03/19/2009 - 17:33
having the insurance company pay up rather than have the watches back in stock!
Re: in these hard times I wonder if the shop wouldn't have preferred
03/19/2009 - 18:19
They probably did pay up. Now they have to return the money; and worse if they had a replacement cost policy. They'll end up returning more money to the insurance company than they'll realize on the sale of the watches. And who knows if they will ever sell them all. Joseph
i don't think it'll be covered under insurance for negligence. i have
03/19/2009 - 20:05
read on the papers about the loss in the local newspapers for the listed company. glad they have been recovered.