Luxury Watch Consignment Fraud Lawsuit Ends in $288,000
Table of Contents
Case Background
Greco Romero, Alejandro Garcia Gachez, Jesus A. Cabrera Ornelas, and Carlos L. Varela filed this civil action. They were the Plaintiffs in the matter. The action named Newton Cordeiro and The Newt LLC d/b/a Newt Corp as Defendants. The lawsuit centered on a dispute over luxury timepieces consigned for sale.
Cause
The Plaintiffs entrusted high-value luxury timepieces to the Defendants. The consignment was for the Defendants to sell the watches online. The agreement involved the Defendants receiving service fees and a commission from the sales. Plaintiffs alleged the Defendants made false representations about insurance coverage. Specifically, the Plaintiffs claimed the Defendants falsely told them the timepieces would be fully insured while in their possession.
Defendants later reported the timepieces were stolen. The alleged theft occurred during an attempted in-person sale to a third-party buyer. Defendants claimed this buyer had previously conducted business with them. Plaintiffs maintained that Defendants provided different, inconsistent accounts of the alleged theft to each Plaintiff. This led to the subsequent legal action.
Injury
The core injury claimed by the Plaintiffs w
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