Cortina Watch Theft Saga

[116520]

This type of insurance must be expensive...

employees must be named in the insurance, provided cortina purchase it

[kafvyn]

This type of insurance must be expensive...

cortina can afford la,question is not whether expensive or not, question is can cortina do without the insurance?

[sk001]

this will be interesting for the lawyers...
assuming there was insurance, cortina would probably prefer to claim under the policy as they can get the full insured value. whereas the insurers will probably not want to cover it, as a lot of the goods have been recovered. but then again, i dont know how cortina would be able to charge their regular price for these "BNIB but stolen" watches...

ah well, fingers crossed for a nice watch sale next year!

[seiko.citizen]

cortina can afford la,question is not whether expensive or not, question is can cortina do without the insurance?

insurance is never expensive. it is only expensive when you dont have insurance

[feudallordcult]

i'm really curious as to why jerry would want to surrender. problems in disposing of the loot?

[wolfeyes1974]

i'm really curious as to why jerry would want to surrender. problems in disposing of the loot?

exactly...he'd disposed 100+ watches...

[TeD]

1 thing i felt, he would not be handing over the full cash-out amount. it's enough till his retirement after lock up.

[116520]

How long do you think he will be jailed?

Wanna play this guessing game??

1) 116520 - 10 years

1 thing i felt, he would not be handing over the full cash-out amount. it's enough till his retirement after lock up.

[spikey]

i'm really curious as to why jerry would want to surrender. problems in disposing of the loot?

disposed of some of the watches already...stashed the valuables that he got in return (cash / gold / diamonds) with someone...return a few years later after jail term to claim million+ bucks...can retire.

[Andrew Tay]

How long do you think he will be jailed?

Wanna play this guessing game??

1) 116520 - 10 years

our resident ex-matah just talked abt this over dinner just now.

looking at 4 to 5 yrs......10 yrs not likely. reason....jerry surrendered himself to the police.

[116520]

Wow! "Worth" it leh.... 4 to 5 years later become a millionaire... this kind of "light" penalty will encourage more such incident to happen in the future?

our resident ex-matah just talked abt this over dinner just now.

looking at 4 to 5 yrs......10 yrs not likely. reason....jerry surrendered himself to the police.

[meluvpolaroid]

disposed of some of the watches already...stashed the valuables that he got in return (cash / gold / diamonds) with someone...return a few years later after jail term to claim million+ bucks...can retire.

yes, fully agree, like the case of the SIA guy who also made of with millions..........can hide the $$ any where !!!!!!!!

[wolfeyes1974]

so Cortina claims $7.9mil from insurance (cost price) and then now they sue Jerry for 13+ mil...their margin so high ah...

[TeD]

How long do you think he will be jailed?

Wanna play this guessing game??

1) 116520 - 10 years

2) TeD - 7 years

[Oceanklassik]

Personally I dun think I want to gloat over someone's misfortune in this manner. I prefer to show consideration for his family and loved ones. Don't forget that Jerry is son to his parents. Like many of us here who are parents to our children, and son/daughter to our parents.

Tx.