Matthew Cox | Inside True Crime Podcast Timepiece Gentleman $5M LUXURY WATCH PONZI SCHEME | World's Dumbest Criminal?
Aug 4, 2025
Dive into the tangled web of a luxury watch dealer ensnared in a Ponzi scheme, where initial success quickly unravels into deceit. Discover the traits that define con artists and the dynamics of trust in the luxury watch world. Enjoy humorous takes on historical duels juxtaposed with modern technology. Explore the legal complexities faced in fraud cases and the consequences of exploiting COVID aid, including long prison sentences. Hear personal stories from behind bars that reveal the challenges of navigating life as an inmate.
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Anthony Ferrara's Watch Scheme
- Anthony Ferrara started by legitimately buying and selling luxury watches for small profits.
- Eventually, he ran a Ponzi scheme, taking watches on consignment and pocketing sales money without informing owners.
Origin of the Term 'Con Man'
- The original 'confidence man' in the 1840s used trust and social connection to borrow watches and never return them.
- This early con earned the term 'con man,' showing how con artists exploit personal trust.
Ferrara's Federal Arrest
- Anthony Ferrara was arrested and charged federally with wire fraud related to his watch Ponzi scheme.
- He faces up to 20 years but had multiple DUIs and reckless behaviors complicating his case.