Two stories to cover. Both involve large sums of money spend on products. First a fake Rolex watch bought by the singer John Mayer for $5 million, and a counterfeit wine dealer who sold over $20 million in fake wine to such people as William Koch.
What do these have in common. Both counterfeits are bought by very rich people. If you are to spend that much money, you should check to see if it is real or not. They did find out, but it was not to after they bought the items. In Mayers case, years after.
The ‘Who You Love’ singer is suing Robert Maron – a friend of Charlie Sheen – after he reportedly spent $5 million on what he believed to be authentic timepieces from the dealer, however lawyers for the salesman insist the crooner knew the watches contained ”counterfeit” parts.
Initial reports claim John – who is a long-time collector of Rolex watches – was shocked to find one of the timepieces was a replica after sending it for repairs three years later.
He reportedly returned the watch and was given credit to buy another but now wants a refund for $656,000 he spent on seven other watches which Rolex have told him are counterfeit. Via azcentral
It does not matter if he knew they were fake or not. It is still illegal to sell counterfeit products in the US. Does not matter if you label it a ‘replica’. All counterfeits are replicas. The singer claimed when he bought these watches, he was looking for real ones. The seller claimed he knew they were fake because of some vague post by Mayer asking about fake Rolex’s.
Now to Mr. Koch. Perhaps he just has to much wealth to spend his time on seeing if everything he buys is fake. Can’t really blame him.
The operator of a fake-wine factory should serve as long as 14 years in prison for selling purportedly rare vintages to unwitting collectors, including billionaire William Koch, U.S. prosecutors said.
Rudy Kurniawan, a dealer once “the biggest and most successful wine counterfeiter in the world” sold at least $20.7 million of purportedly rare French wines he created in his home kitchen, federal prosecutors in New York said today in a memo to the sentencing judge.
Kurniawan, who purchased luxury cars, a Beverly Hills mansion and fine art with the proceeds of his crimes, was convicted in December of two separate frauds, including one to defraud Fine Art Capital, a lender to individuals and art dealers, assistant U.S. attorneys Jason Hernandez and Joseph Facciponti wrote.
While Kurniawan claimed to sell some of the finest and rarest wines in the world, a Federal Bureau of Investigation search of his home after his 2012 arrest turned up thousands of labels for many of the most expensive wines in the world, such as Domaine de la Romanee-Conti and Chateau Petrus, they wrote. Via Bloomberg
There are many ways to determine a counterfeit wine. If it is dated before 1945, the good old Caesium-137 trick will work.
How about Rolex’s? Pawn Stars host Rick shows us some tips. He says around 1 or 2 people come into this pawn store with a fake Rolex everyday.
Why would someone want to buy a fake Rolex like Mr. Mayer? Well sometimes you want to wear a expensive piece of jewelry, but do not want to lose a lot of money if you are robbed or lose the watch.