Whistleblower lawsuit involving major Chicago AD

Discussion of Rolex Watches.
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dnslater
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Whistleblower lawsuit involving major Chicago AD

Post by dnslater » Mon Feb 15, 2021 10:13 am

Allegedly the A.D. was turned in by an employee for selling Rolex and Patek direct to the grey market in a multi-layered scheme involving employee purchasing of the watches to resell back to the AD. Includes money laundering, tax evasion, racketeering, etc... Good stuff. Sales people were berated by management for selling Rolex sport watches to the their customers in lieu of to the gray market via the scheme.

https://atelierdegriff.com/2021/02/14/b ... ey-market/

This stuff is probably the norm at dealers, and these guys just got caught...

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CGSshorty
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Re: Whistleblower lawsuit involving major Chicago AD

Post by CGSshorty » Mon Feb 15, 2021 11:07 am

Shocking.
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deepcdvr
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Re: Whistleblower lawsuit involving major Chicago AD

Post by deepcdvr » Mon Feb 15, 2021 11:08 am

CGSshorty wrote:
Mon Feb 15, 2021 11:07 am
Shocking.
Lol
VR/
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Panerai7
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Re: Whistleblower lawsuit involving major Chicago AD

Post by Panerai7 » Mon Feb 15, 2021 1:03 pm

So that’s how they get stickers still attached :)

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JP Chestnut
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Re: Whistleblower lawsuit involving major Chicago AD

Post by JP Chestnut » Mon Feb 15, 2021 1:22 pm

David SW’s asshole just puckered a little.

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hoppyjr
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Re: Whistleblower lawsuit involving major Chicago AD

Post by hoppyjr » Mon Feb 15, 2021 1:44 pm

Let’s hope it’s the first of many.

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Panerai7
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Re: Whistleblower lawsuit involving major Chicago AD

Post by Panerai7 » Mon Feb 15, 2021 2:45 pm

JP Chestnut wrote:
Mon Feb 15, 2021 1:22 pm
David SW’s asshole just puckered a little.
Lol, his are mostly from Europe and Canada:)

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toxicavenger
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Re: Whistleblower lawsuit involving major Chicago AD

Post by toxicavenger » Mon Feb 15, 2021 5:47 pm

JP Chestnut wrote:
Mon Feb 15, 2021 1:22 pm
David SW’s asshole just puckered a little.
that was totally my thought :mrgreen:

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gwells
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Re: Whistleblower lawsuit involving major Chicago AD

Post by gwells » Mon Feb 15, 2021 6:22 pm

one can only hope some grey market sellers (and ADs selling to them) are puckering up. there's no reason rolex should be lining their pockets unintentionally.

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Re: Whistleblower lawsuit involving major Chicago AD

Post by hoppyjr » Mon Feb 15, 2021 7:26 pm

Did I miss it or did they not name the AD?

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jtbenson
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Re: Whistleblower lawsuit involving major Chicago AD

Post by jtbenson » Mon Feb 15, 2021 7:44 pm

cd peacock
Image

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hoppyjr
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Re: Whistleblower lawsuit involving major Chicago AD

Post by hoppyjr » Mon Feb 15, 2021 9:23 pm

jtbenson wrote:cd peacock
I thought that was a person :lol:

Thx

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Zidane
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Re: Whistleblower lawsuit involving major Chicago AD

Post by Zidane » Tue Feb 16, 2021 7:44 am

Love it... we all inherently knew this was going on, now hopefully this will come to a head as others realize there's risk involved.

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JP Chestnut
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Re: Whistleblower lawsuit involving major Chicago AD

Post by JP Chestnut » Tue Feb 16, 2021 8:34 am

I went over to TRF expecting to see the place on fire but I saw barely a mention of this. The high volume profiteer sellers have that place on lock. It's a professional sales forum masquerading as an enthusiast forum. It's so blatant now.

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Zidane
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Re: Whistleblower lawsuit involving major Chicago AD

Post by Zidane » Tue Feb 16, 2021 9:02 am

JP Chestnut wrote:
Tue Feb 16, 2021 8:34 am
I went over to TRF expecting to see the place on fire but I saw barely a mention of this. The high volume profiteer sellers have that place on lock. It's a professional sales forum masquerading as an enthusiast forum. It's so blatant now.
Noticed that at least one thread had been locked on the topic. Kind of hard to justify this being a taboo topic when there's tons of others discussing pricing, bubbles, why buy "grey", etc...

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jtbenson
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Re: Whistleblower lawsuit involving major Chicago AD

Post by jtbenson » Tue Feb 16, 2021 9:32 am

hoppyjr wrote:
Mon Feb 15, 2021 9:23 pm
jtbenson wrote:cd peacock
I thought that was a person :lol:

Thx
i'm going to claim it as my alter ego ;)
Image

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hoppyjr
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Re: Whistleblower lawsuit involving major Chicago AD

Post by hoppyjr » Tue Feb 16, 2021 11:04 am

JP Chestnut wrote:I went over to TRF expecting to see the place on fire but I saw barely a mention of this. The high volume profiteer sellers have that place on lock. It's a professional sales forum masquerading as an enthusiast forum. It's so blatant now.
It’s all the greys who keep it afloat.

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hoppyjr
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Whistleblower lawsuit involving major Chicago AD

Post by hoppyjr » Tue Feb 16, 2021 11:04 am

jtbenson wrote:
hoppyjr wrote:
Mon Feb 15, 2021 9:23 pm
jtbenson wrote:cd peacock
I thought that was a person :lol:

Thx
i'm going to claim it as my alter ego ;)
You should get a vanity plate for the Defender.... “Peacock 1”

If that is too many characters just go with “P-COCK”

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JP Chestnut
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Re: Whistleblower lawsuit involving major Chicago AD

Post by JP Chestnut » Tue Feb 16, 2021 11:33 am

hoppyjr wrote:
Tue Feb 16, 2021 11:04 am
JP Chestnut wrote:I went over to TRF expecting to see the place on fire but I saw barely a mention of this. The high volume profiteer sellers have that place on lock. It's a professional sales forum masquerading as an enthusiast forum. It's so blatant now.
It’s all the greys who keep it afloat.
For sure. The mods/owner are definitely whoring out to the forum dealers. The crazy thing is that the forum peeps are too stupid to see it.

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matt.wu
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Re: Whistleblower lawsuit involving major Chicago AD

Post by matt.wu » Tue Feb 16, 2021 1:04 pm

They monetize the forum on the back of “pledge membership”, so they definitely have incentive to keep the Rolex market booming.
:htfu:

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JP Chestnut
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Re: Whistleblower lawsuit involving major Chicago AD

Post by JP Chestnut » Tue Feb 16, 2021 1:12 pm

matt.wu wrote:
Tue Feb 16, 2021 1:04 pm
They monetize the forum on the back of “pledge membership”, so they definitely have incentive to keep the Rolex market booming.
Thanks for not running this place like TRF.

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gwells
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Re: Whistleblower lawsuit involving major Chicago AD

Post by gwells » Tue Feb 16, 2021 3:04 pm

JP Chestnut wrote:
Tue Feb 16, 2021 1:12 pm
matt.wu wrote:
Tue Feb 16, 2021 1:04 pm
They monetize the forum on the back of “pledge membership”, so they definitely have incentive to keep the Rolex market booming.
Thanks for not running this place like TRF.
^^ this ^^ :cheers:

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BacoNoir
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Re: Whistleblower lawsuit involving major Chicago AD

Post by BacoNoir » Tue Feb 16, 2021 3:29 pm

It's a mess of Rolex's own making. They limited supply, drove up demand, which changed the grey market from discounters to profiteers. With all the demands they make of their ADs to spend 100's of thousands of $$ to remodel and then give them limited supply of watches to sell to the public, the grey market makes more sense.
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JP Chestnut
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Re: Whistleblower lawsuit involving major Chicago AD

Post by JP Chestnut » Tue Feb 16, 2021 4:32 pm

BacoNoir wrote:
Tue Feb 16, 2021 3:29 pm
It's a mess of Rolex's own making. They limited supply, drove up demand, which changed the grey market from discounters to profiteers. With all the demands they make of their ADs to spend 100's of thousands of $$ to remodel and then give them limited supply of watches to sell to the public, the grey market makes more sense.
I haven’t seen anything about rolex cutting production outside of covid disruptions.

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streetracer101
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Re: Whistleblower lawsuit involving major Chicago AD

Post by streetracer101 » Tue Feb 16, 2021 5:22 pm

JP Chestnut wrote:
Mon Feb 15, 2021 1:22 pm
David SW’s asshole just puckered a little.
My first thought as well.

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