Where Are The Fake Gurus Now?

Summary

The story of Anthony Farer, founder of Timepiece Gentleman, exposes a fraudulent luxury watch business that deceived customers and amassed millions. Farer was arrested in 2023 for running a Ponzi-like scheme, where he took possession of expensive watches but failed to pay clients. He used embezzled funds to fund an extravagant lifestyle, which he showcased on social media. With a history of legal issues, including DUIs and racist behavior, Farer now faces up to 20 years in federal prison. His rise and fall illustrate the dangers of fake gurus and deceptive business practices in the digital age.

Takeaways

• 😀 Anthony, the founder of Timepiece Gentleman, was arrested by the FBI in November 2023 for a fraudulent scheme involving luxury watches.
• 😀 He was accused of embezzling $3 million through deceptive watch sales, which involved taking possession of high-end watches and not paying customers their due share.
• 😀 Anthony had created a fake 'university' called Hustlers University, where he misled people into thinking they were gaining real knowledge while pocketing their money.
• 😀 Despite running a high-end business, Anthony lived a lavish lifestyle, indulging in luxury cars, upscale housing, and gambling trips funded by illegal activities.
• 😀 The FBI's criminal complaint revealed that Anthony sold prestigious luxury watches like Patek Philippe, Rolex, and Richard Mille, but failed to pay the sellers or deliver the goods as promised.
• 😀 Victims of Anthony's fraud came forward, with over 20 clients accusing him of taking money for watches that either never arrived or were never paid for.
• 😀 One victim consigned 75 watches worth around $3.2 million to Anthony but received only a small fraction of the total value, around $385,000.
• 😀 Anthony's business, which started in Dallas in 2017 and expanded to Los Angeles in 2020, gained traction on social media through a facade of success and luxury.
• 😀 In addition to his fraudulent activities, Anthony's criminal history includes six DUIs and an incident where he was accused of being racist toward a police officer.
• 😀 Anthony now faces up to 20 years in federal prison, marking a significant downfall from his previously portrayed life of success and wealth.

Q & A

Who is Anthony, and what business did he run?

Anthony is the founder of 'Time Piece Gentleman,' a business that dealt with high-end luxury watches, operating in Dallas and later expanding to Los Angeles. The business was purported to facilitate transactions between buyers and sellers of luxury watches, but it turned out to be fraudulent.

What was Anthony arrested for in November 2023?

Anthony was arrested by the FBI for his involvement in a fraudulent scheme where he deceived his customers and unlawfully acquired $3 million by misappropriating funds from the sale of luxury watches.

How did Anthony's fraudulent scheme work?

Anthony would take possession of luxury watches from clients, have them sign agreements, and promise to sell the watches while collecting a 5% commission. However, he would fail to deliver on the promises, often disappearing with the watches or not paying the clients the agreed amount.

What kind of lifestyle did Anthony sustain through his fraudulent activities?

Anthony used the funds from his fraudulent scheme to fund an extravagant lifestyle, including owning a red Lamborghini, renting a luxury residence in Santa Monica, and indulging in expensive gambling trips to Las Vegas.

How many clients came forward with complaints about Anthony?

Over 20 clients came forward with complaints, accusing Anthony of either disappearing with their watches or failing to pay them the agreed amounts for the luxury timepieces.

What was the value of the watches that one victim entrusted to Anthony?

One victim entrusted Anthony with 75 watches valued at approximately $3.2 million, but Anthony allegedly paid them only a fraction of the total value, around $385,000.

What other illegal activities or issues does Anthony have a history of?

Anthony has a history of legal issues, including six DUIs. Additionally, he was involved in a racist incident where he called a black police officer the N-word.

How did Anthony present his lifestyle on social media?

Anthony showcased his lavish lifestyle on social media, which included images and videos of his luxurious possessions and experiences, further perpetuating the image of success that he built through fraudulent means.

What kind of watches were involved in Anthony's fraudulent transactions?

The watches involved in the fraudulent transactions were high-end luxury timepieces, including prestigious brands such as Patek Philippe, Rolex, and Richard Mille.

What legal consequences is Anthony facing as a result of his actions?

Anthony is facing up to 20 years in federal prison for his role in the fraudulent scheme that involved deceiving clients and unlawfully acquiring significant sums of money.