Scammy Dealers with their Full-Blown Scam

[daytona_meteorite]

Its funny how I tried to do business with dealer for last 2,5 years and they always turned me down when I tried to purchase basically any Rolex. I was going through news and here is what I found today...


https://www.fox32chicago.com/news/ne...tch-fraud-case


Some people are just so greedy and they try to milk as much as they can from something that they really shouldn't be....legally.
This dealer was acting like he was selling it to Celebrities and shipping it within US, meanwhile he is shipping it to Asia for more cash...max profit! I hope they lose their license to sell...there are much better human being out there that can do this business the way they should...

[Unframed]

Where's the guy who was just saying this doesn't happen and that everyone who says it does is lying?

[Time Out]

Damn ! It honestly does not surprise me at all.

[Monty22]

Originally Posted by Unframed

Where's the guy who was just saying this doesn't happen and that everyone who says it does is lying?

Don’t think it was me. I do defend ADs prioritizing VIP customers…

I am not surprised at this development. I am from Chicago and they were the reason my AD is out of state. You feel like you need a shower when you leave the store


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[BillA]

I think we saw a post like this a year ago, same store

[daytona_meteorite]

Originally Posted by BillA

I think we saw a post like this a year ago, same store

I think you are referring to the dismissed case they got somehow

https://www.nationaljeweler.com/arti...been-dismissed

things like this dont come out of nowhere, if there is smoke...there is fire

[zengineer]

This first came up and was in the news as well as the forums over a year ago...lawsuits filed and eventually dropped. Now several are filing new cases.

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[minute_man]

Originally Posted by daytona_meteorite

Its funny how I tried to do business with dealer for last 2,5 years and they always turned me down when I tried to purchase basically any Rolex. I was going through news and here is what I found today...


https://www.fox32chicago.com/news/ne...tch-fraud-case


Some people are just so greedy and they try to milk as much as they can from something that they really shouldn't be....legally.
This dealer was acting like he was selling it to Celebrities and shipping it within US, meanwhile he is shipping it to Asia for more cash...max profit! I hope they lose their license to sell...there are much better human being out there that can do this business the way they should...

Which of course is in breach of their contract with Rolex, of selling as a retailer to the end user.
But when they can get away with it, why sell to a real client?
I'm sure IRS will become interested in this travesty at some point...

Originally Posted by Unframed

Where's the guy who was just saying this doesn't happen and that everyone who says it does is lying?

Everyone who says so is ill informed or in denial. Or pushing an agenda
Then we have the measurement contest between those out-priced and those who are okay paying 4xmsrp on a mass produced timepiece.

Originally Posted by Time Out

Damn ! It honestly does not surprise me at all.

More of the same will eventually surface...

[Time Out]

Originally Posted by minute_man

More of the same will eventually surface...

Oh for sure and the Rolex brand will suffer a major black eye from it. Not to mention that more and more AD's giving customers a slimy feel as they pressure to bundle expensive jewelry in order to buy a time piece that was once readily available at up to a 30% discount.

[daytona_meteorite]

Aside from the shortage, inflation and all the other economical nonsense, dealers like this cause price to shoot up - to me, watches are like cars, the mechanical aspect of it is a masterpiece and being able to wear them gives me happiness and joy, scumbags like this basically ruin a beautiful hobby like this!

[Cauhauna]

I got a kick out of the part that said there are “only a handful” of Rolex ADs worldwide

I would describe the patek AD network as “a handful”

[JRell]

Buy from your AD. If you can’t buy go another brand or different hobby. The problem magically goes away for the buyer.

[daytona_meteorite]

Originally Posted by JRell

Buy from your AD. If you can’t buy go another brand or different hobby. The problem magically goes away for the buyer.

LOL how is "the problem magically going away" when AD is doing scummy transactions and stop me from buying it off of him?

[tmoy810]

Originally Posted by daytona_meteorite

LOL how is "the problem magically going away" when AD is doing scummy transactions and stop me from buying it off of him?

He said try a different AD or buy a different brand. There have been many success stories on this forum, where people keep trying different ADs in person and eventually get the piece they are looking for. It may take time and effort, but it is definitely possible.

I found an amazing straight forward AD who I will make all my future rolex purchases from. I hope you can find one too.

[Nice marmot]

So they got caught (allegedly). Reminds me of when a college sports program gets caught paying athletes or recruits. It’s not like they’re the only school doing it. I’m sure the problem is more widespread. They are just the one that got caught.

[RoscoPico]

It’s silly to think there aren’t plenty of shenanigans going on, money is a big motivator. Probably not the norm due to the risk, but no one should be surprised

[Michael1968]

Originally Posted by Monty22

Don’t think it was me. I do defend ADs prioritizing VIP customers…

I am not surprised at this development. I am from Chicago and they were the reason my AD is out of state. You feel like you need a shower when you leave the store


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100% agree. I’m from Chicago too and I have the same feeling

[Coronette]

Originally Posted by daytona_meteorite

Its funny how I tried to do business with dealer for last 2,5 years and they always turned me down when I tried to purchase basically any Rolex. I was going through news and here is what I found today...


https://www.fox32chicago.com/news/ne...tch-fraud-case


Some people are just so greedy and they try to milk as much as they can from something that they really shouldn't be....legally.
This dealer was acting like he was selling it to Celebrities and shipping it within US, meanwhile he is shipping it to Asia for more cash...max profit! I hope they lose their license to sell...there are much better human being out there that can do this business the way they should...

LOL nothing new for CD Peacock. Someone recently told me they were closing all of there stores in the Chicago area and keeping only Oak Brook open. However I do think they are not the only ones.

[rolexpure]

LMFAO.

I've been saying it since 2018/2019 when the watch hype started.

Ppl who think this doesnt happen is just naive and remind me of those guys you meet in daily life where they are just oblivious to what is happening around them.

This is a VERY VERY prevalent activity happening everywhere around the world. Yeah there are some ADs that are good and you see a few incommings from an AD - but compared to the amount of watches Rolex produces and simply looking at the stock available in the gray market fully stickered that is clearly evident backdoor deals happen ALL the time.

Even watching the YouTube videos of gray dealers they outright admit to it. When money is involved don't be so naive to think these shonky things dont happen.

Money is the most powerful thing in the world.

[JRell]

Originally Posted by daytona_meteorite

LOL how is "the problem magically going away" when AD is doing scummy transactions and stop me from buying it off of him?

Then don’t buy from them.

[ArtNouveau]

It’s worth noting that this story began over a year ago with a whistleblower type lawsuit by a fired employee. That case was dismissed, now three ex-employees are trying again.
They are still an Authorized Dealer so apparently RolexUSA found no reason to strip them of it. I do know that dealers do get closed for violating their franchise agreement so apparently this one did not.

[garyk]

I know of one Rolex jewelry store that lost its franchise for selling to Grey dealers. Wish more would get caught!

[EEpro]

Extremely common. Some hide it better than others.

[johnwigan]

Originally Posted by rolexpure

LMFAO.

I've been saying it since 2018/2019 when the watch hype started.

Ppl who think this doesnt happen is just naive and remind me of those guys you meet in daily life where they are just oblivious to what is happening around them.

This is a VERY VERY prevalent activity happening everywhere around the world.

Agree entirely. We are talking business and money here. They only thing stopping ADs selling their entire stock to the grey market is they are making money insisting shoppers buy other stuff first - so they get their extra profit there. And Rolex themselves objecting.

The temptation must be huge to sell to 'friends' rather than a stranger who walks through the door. They would need to be saintly to forgo larger profits out of some sense of fair play. On the whole businesses don't work like that.

Surprising, some people don't think this is happening. You can buy multiple brand new every Rolex on the grey market. You do not have to be business geniuses for a grey dealer and an AD to think, why are we giving the lion's share of the profit to some random flipper. Cut him out and go straight from AD to grey. What difference does it make? They are not going to hand a big chunk of money to a random stranger for no reason.

[jimcameron]

Originally Posted by JRell

Buy from your AD. If you can’t buy go another brand or different hobby. The problem magically goes away for the buyer.

Sanity has finally made it's way to TRF

[Harry-57]

Don't trust the AD? Don't use them.

There's a remarkable amount of extrapolation going on based on some yet unproven allegations about one AD. Let's see where this goes. Have Rolex killed their franchise yet?

[edisonstar23]

Not surprised and tbh expected! Any businessman would be tempted. Most I hope resist to the temptation, but some will go right ahead and sell it to the gray dealers. I wonder what systems Rolex has in place to minimize this kind of behavior.


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[brandrea]

Originally Posted by ArtNouveau

It’s worth noting that this story began over a year ago with a whistleblower type lawsuit by a fired employee. That case was dismissed, now three ex-employees are trying again.
They are still an Authorized Dealer so apparently RolexUSA found no reason to strip them of it. I do know that dealers do get closed for violating their franchise agreement so apparently this one did not.

Yes, I thought the same.

Lawsuits can be frivolous, Rolex and their Ad status …. not so much

[m j b]

It's a lawsuit, people, not a criminal indictment. It proves nothing.

Wait until it goes to court, is settled with damages, before presuming.

[Jack T]

Originally Posted by m j b

It's a lawsuit, people, not a criminal indictment. It proves nothing.

Wait until it goes to court, is settled with damages, before presuming.

The court of public opinion is under no obligation to presume innocence, it uses common sense.