Anthony Farrer, the 35-year-old owner of The Timepiece Gentleman, a luxurious watch brand, tragically passed away in Beverly Hills, CA.
Anthony Farrer Cause Of Death
His death was the result of an apparent suicide by jumping off a tower. This unfortunate event occurred just hours after he admitted to running a Ponzi scheme, leading to significant debts.
Anthony Farrer was the founder of The Timepiece Gentleman, a prestigious wristwatch empire that originated in Dallas, Texas, and later expanded to Beverly Hills. The brand specialized in dealing with luxury watch brands and prided itself on transparency and healthy customer relations.
Anthony Farrer had a lifelong passion for watches, which began during his high school days. He initially bought and sold watches as a means to afford his passion. His dedication to his craft and support from customers worldwide contributed to his success in the industry.
In an unexpected turn of events, Anthony Farrer admitted to running a Ponzi scheme involving luxury watches, resulting in the loss of over $5 million. He posted a video and a Reddit post confessing his involvement in the scheme, leaving many shocked and questioning his motives.
The controversy surrounding Anthony Farrer and his company escalated when he claimed that his Richard Mille watch had been stolen during a night out. However, suspicions arose, and many believed the story to be a cover-up for insurance fraud.
The Watch Ponzi scam involved promising clients substantial returns on their watch investments with minimal risk. However, Anthony Farrer and other scammers pocketed the money instead of investing it, leading to substantial losses for the victims. The scheme eventually collapsed, and no new investors were accepted.