Luxury watch shop has ‘£10M worth of stock seized by Britain’s FBI in money laundering probe’ 

Luxury watch shop to the stars including Premier League footballers and rappers has ‘£10 million worth of stock seized by Britain’s FBI in a suspected money laundering probe’

  • NCA seized more than 300 luxury watches from WatchTrader & Co last October
  • Britain’s FBI took £10 million worth of stock from the Newcastle-based store
  • Store allegedly traded watches for clients who were paid after the pieces sold
  • Owners of seized watches must prove they had ‘legitimate means’ to buy them

Britain’s FBI seized £10million worth of stock during a suspected money laundering probe into a luxury watch shop whose clientele includes Premier League footballers and rapper Stormzy.

The National Crime Agency (NCA) confiscated more than 300 timepieces last year…

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Written by Bourbiza Mohamed

A technology enthusiast and a passionate writer in the field of information technology, cyber security, and blockchain

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