Famed Beverly Hills watch dealer faces prison time after pleading guilty to fraud
Briefly

"Farrer took the clients' money and used it for other purposes, including to fund his lavish lifestyle," Martin Estrada, U.S. attorney for the Central District of California, said in a statement. That included buying or leasing luxury automobiles and apartments, Estrada said.
"When a client who had sent him money asked Farrer about the status of a watch purchase, Farrer often sent another watch to the client to tide the client over or lull them into a false sense of security regarding the status of the purchase," Estrada wrote.
Read at Los Angeles Times
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