Can You Guess What Millionaire Bought A 18 Million Dollar Watch?
- Thread starter Bluelaser
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50 a fool. Bet Jacob been looking for the right rich black celebrity to sell that shit to for a minute
That shit says Jacob & Co. That's all I need to know...... Appreciate in value my ass....of the folk who can afford to buy it .....and of those who can afford to buy it and WOULD buy it, they ain't rocking no shit made by the "rappers jeweler".......
Cartier, Harry Winston...maybe....but Jacob??:??? Nicca got GOT....
I'm thinking the same, but I don't know how sure a bet this is.
50 not really being petty this time. Anyone from Queens knows, nothing Jacob sells is worth that much. He’s been ripping people of since he’s been in the basement on Jamaica Ave
Watch is one of a kind.
Yeah I it could go either way..
As long as he stays undefeated in the fight game... his legend is gonna be strong...
Personally I think it was a terrible impulse
Buy but he don't give a fuck what I think
Or anyone else but the hoes he tryin to impress and the dudes on his level he styling
On...
Personally I wouldve bought a hundred thousand dollar Rolex and used the rest
On starting a math and science school for
Inner city youth
Seed money for separation and a black nation
I wouldn't let it be known. You'd have to help from the background. Once the city gets wind that black people are having their tickets paid for, they'll put their forces to work on writing triple the tickets. Remember that lady that won the Powerball and she was fucking with that lame dude that kept getting arrested, and his bail/bond was always millions of dollars for basic misdemeanors?
She must not have had a lawyer worth a shit, because that is unconstitutional. You know what and I know it.
I still get it done. I have people send a picture of their license and a handwritten letter explaining the situation and I would take care of it. I'd have a good lawyer to be able to write it off somehow. If they want to triple charge they have to show reasonable cause.
Black people are being preyed upon in this country and I'm sick of tired of not being in a better position to do anything about it. If I hit it big, that stops today.
One of the things I would do I start coalition of black lawyers, some in each state or each City depending on the size. The larger the amount of lawyers I can build the easier it will be. I do not want to burden people with too much work that is free (pro bono=free to those who don't know), and I know that free time is precious.
I would ask them to begin doing some pro bono work in areas where they target black people the most.
I would get with black fraternities and sororities because we need to get in the Intercity and start some mentoring programs. Not just tossing a kid a basketball or football, but giving the kids a vision of black people who are successful, who they could potentially be if they worked hard and stay out of trouble.
Everyone who works for me would be required to do a minimum of 40 hours per quarter mentoring kids in the Inner City.
I just got my credit report back. And after paying off my credit cards with money I just got back from an accident settlement my credit score is 735, so I might be able to start doing something on my own sooner than rather than later
Diamonds are a terrible investment. There's a reason why they aren't traded as a commodity.
of course they are especially the average clear one, the colors ones you can make some change on.
but now and days muthafuckas are makin diamonds that fool many of the jewelers in the diamond district...
but we are not just talkin about the diamonds we are talkin about the names attached to it...
fools and their money born everyday b!!
For all we know, the watch could have $18M worth of diamonds on it. Those are some pretty big rocks, and a lot of them.
Also, we have no idea how much he actually paid for it.
I’m not caping for him, but we have a lot of non-jewelers in this thread talking about how ‘bad’ of an investment that it is.
Also, we have no idea how much he actually paid for it.
I’m not caping for him, but we have a lot of non-jewelers in this thread talking about how ‘bad’ of an investment that it is.
True, but this is a Jacob and Co watch. Prestige is not what that company's watches command.
True, but this is a Jacob and Co watch. Prestige is not what that company's watches command.
Maybe maybe not
if its a 1 of 1...only 1 in the world that counts for something.
plus people move money with watches. its easy to fence a watch and get the value back
people launder their winnings from vegas like that all the time.
NJ?!?!?! Dude grew up in Grand Rapids, MI!!!
You might have a point...some here are hating....some playing financial analysts....but you are right that Jacob may not hold any weight at all among a certain set... it's Floyd's money and his life...he better not end up broke...the contempt and mockery will be epic...I wish him the best
I am curious...please explain.
Around every major casino there is an expensive watch store.. that's not cause cats like watches.
you gamble. you win 35k what you gonna do? deposit into your bank account? nah
carry 35k in cash with you? nah you gotta declare cash.
go buy the 35k watch carry it on your wrist cause it's just a watch land go to a watch shop and get your 35k less whatever taxes and fees off the transaction?
a 35k watch is worth 35k everywhere
So you are telling me that a watch store in VEGAS will risk federal money laundering charges by failing to require a buyer to fill out IRS Form 8300 which is required for all cash transactions over 10k?.....on the front end of the deal AND the back end of the deal.
I am somewhat familiar with means of money laundering and know that diamonds are a means of such activity, but so do the FEDS. EVERY diamond seller is required to keep records of ALL cash transactions and allow the Alphabet Boys to review those records without objection at any time.
ANY cash transaction over 10k must be reported. I know that all are not, but simply walking into a jewelry store and dealing with a stranger to avoid reporting requirements (Federal Crime) doesn't seem too bright....
And the example you give doesn't launder the money...you still have 35k in cash when you fence the watch that is unaccounted for.....one might as well have rented a car and drove the money home without losing fees to the fence.
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Few things
the people that do it are plugged/high rollers. So yea no YOUR ASS might not be able to pull it off but they do all the time.
2. filling out forms don't mean they're filled out properly every time lol.
3. I'm only speaking of what I know goes on. It may not seem right or like it happens but absolutely does.
4. Nah.
Bruh...the money still isn't laundered. Take cash, buy a watch, trade the watch for cash....you still haven't laundered the money.
Take illegal cash, put it with the cash you make at your club (clubs are cash business mostly) and deposit it in the bank. Now it looks like the illegal cash was made at the club, legally...that is the essence of laundering money.
That I know. That's the big dream. The realistic part is the corner stores and the transportation business and from there sky's the limit. I throw $2 on the lottery once a month. If I win, it's like the Duke Brothers in Coming to America, "We're back" and if I don't I just bought lunch, no big whoop.
But that dream of helping people is where my mind's at. That dream of helping black people who need it, not flossing some ugly ass watch on my arm
Diamonds are made in factories these days, just like plastic trash cans.
Clubs have books. U can cook em,but ...
I hope he has been paying his taxes.
Purchases like this automatically send a APB to the IRS.
Purchases like this automatically send a APB to the IRS.
His money. His problem. Good for him.
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