Invicta Donates To Soldiers - false claims about the values of the watches donated.

All things related to "SWISS" Invicta watches and Chinese movements
Post Reply
WatchDorks.Net
Senior Member & WIS
Posts: 4797
Joined: June 10th 2010, 10:00pm
Location: The Peoples Republic of Illinois
Contact:
Contact WatchDorks.Net

Re: Invicta Donates To Soldiers - false claims about the values of the watches donated.

Post by WatchDorks.Net » May 30th 2012, 3:54pm

"It's bad enough I have to eat sand over here, but now some fucker sends me an Invicta."

Talk about rubbing salt in the wound.

Image
Proud "hater" since 2009. Get over it and have fun reassembling yer wartches.

Image

Image
User avatar
theKING
Posts: 304
Joined: December 28th 2010, 11:00pm
Contact:
Contact theKING

Re: Invicta Donates To Soldiers - false claims about the values of the watches donated.

Post by theKING » May 31st 2012, 2:04am

$70,000 actually represents the total of all packages sent.... including the shipments that were broken into and stolen. A much larger number than 45... Still greatly inflated by about 69,000 though...

:cigar:
Last edited by Anonymous on May 31st 2012, 2:05am, edited 1 time in total.
Reason: alignment
User avatar
anonymous-10

Post by anonymous-10 » May 31st 2012, 3:29am

theKING wrote:$70,000 actually represents the total of all packages sent.... including the shipments that were broken into and stolen. A much larger number than 45... Still greatly inflated by about 69,000 though...

Image




And how,exactly,did you come by that information?

Nowhere in the article, or video, is that mentioned.

Did they write a follow-up that I missed??
User avatar
AJC
Watchlord WIS
Posts: 6235
Joined: May 14th 2012, 10:00pm
Location: Delaware, United States
Contact:
Contact AJC

Re: Invicta Donates To Soldiers - false claims about the values of the watches donated.

Post by AJC » May 31st 2012, 6:07am

koimaster wrote:Posted at youtube and watchgeeks



The co-anchor's name was Maurice DuBois. If only the other was named Depraz.

The mental picture of a whole platoon of American soldiers over in Deustchland with 55mm monstrosities strapped to their wrists makes me laugh. But, this story in general and Lalo's shameless taking advantage of this situation to shill his product makes me uneasy. I would applaud him if he donated the watches and left it at that. But the fake qc inspectors, the inflated msrp, and the overall sense that I get that he's completely insincere pisses me off more than anything he's done in the past. It's a show.
Anthony to those here
#524567 to the State of Delaware
Andrew to the rest of the world.

viewtopic.php?p=515767#p515767
Don't forgot to enter the free watch contest!

Image
eddiea
Founding Member & Master of Time
Posts: 10647
Joined: December 25th 2009, 11:00pm

Re: Invicta Donates To Soldiers - false claims about the values of the watches donated.

Post by eddiea » May 31st 2012, 6:26am

koimaster wrote:@ FB

This Conversation.Vanessa Borge.
4 hours agoWatch Lords

Your story on Invica is becoming an internet joke line.Every watch forum is laughing at the so called $70,000 value of these donated watches. Over-inflated MSRP and sales prices at shopnbc. Really, $70,000. I can buy this watch brand new at ebay for under $700 at the highest.DId you even question thses calims? Do some research on this company. From fake sandstone dials which Laolo claimed were real ( I have the proof) to fake business relationships with Dubois Depraz, claims of Swiss factories they own which do not exisit. Come on now.
https://www.facebook.com/messages/2065991

http://watchlords.forumotion.net/f31-invicta-controversies
..


Did she ever make a comment on this?
User avatar
koimaster
Founder
Posts: 46158
Joined: December 16th 2009, 11:00pm
Location: Oregon, Thanks for visiting! Now go back home!
Contact:
Contact koimaster

Re: Invicta Donates To Soldiers - false claims about the values of the watches donated.

Post by koimaster » May 31st 2012, 6:29am

AJC wrote:
koimaster wrote:Posted at youtube and watchgeeks



The co-anchor's name was Maurice DuBois. If only the other was named Depraz.

The mental picture of a whole platoon of American soldiers over in Deustchland with 55mm monstrosities strapped to their wrists makes me laugh. But, this story in general and Lalo's shameless taking advantage of this situation to shill his product makes me uneasy. I would applaud him if he donated the watches and left it at that. But the fake qc inspectors, the inflated msrp, and the overall sense that I get that he's completely insincere pisses me off more than anything he's done in the past. It's a show.


Agreed. IMHO if he had been sincere, this would have been done on the QT without fanfare.



eddiea wrote:
koimaster wrote:@ FB

This Conversation.Vanessa Borge.
4 hours agoWatch Lords

Your story on Invica is becoming an internet joke line.Every watch forum is laughing at the so called $70,000 value of these donated watches. Over-inflated MSRP and sales prices at shopnbc. Really, $70,000. I can buy this watch brand new at ebay for under $700 at the highest.DId you even question thses calims? Do some research on this company. From fake sandstone dials which Laolo claimed were real ( I have the proof) to fake business relationships with Dubois Depraz, claims of Swiss factories they own which do not exisit. Come on now.
https://www.facebook.com/messages/2065991

http://watchlords.forumotion.net/f31-invicta-controversies
..


Did she ever make a comment on this?


Nothing as yet
Image

1946-2006

“Your heart was warm and happy

With the lilt of Irish laughter

Every day and in every way

Now forever and ever after."
User avatar
koimaster
Founder
Posts: 46158
Joined: December 16th 2009, 11:00pm
Location: Oregon, Thanks for visiting! Now go back home!
Contact:
Contact koimaster

Re: Invicta Donates To Soldiers - false claims about the val

Post by koimaster » May 31st 2012, 7:00am

This is the POS that invicta claims 48 of them are worth $70,000. At the full bogus MSRP claimed of $585.00, the 48 watches are worth $28,080. That is a far cry from $78,000 being claimed. At the current sales price of $188.00 these POS total $9k.

http://www.shopnbc.com/Invicta_Men_s_Specialty_Swiss_Quartz_Chronograph_Titanium_Case_Polyurethane_Strap_Watch/604-440.aspx
donated to soldiers.JPG
You do not have the required permissions to view the files attached to this post.
Image

1946-2006

“Your heart was warm and happy

With the lilt of Irish laughter

Every day and in every way

Now forever and ever after."
User avatar
themadhungarian

Re: Invicta Donates To Soldiers - false claims about the values of the watches donated.

Post by themadhungarian » May 31st 2012, 8:32am

3 watch brands make up 99.999999% of the watches worn in combat zones: Casio G-Shock, Suunto, and Timex, because that is what AAFES sells!

I recently spotted a lieutenant in my company wearing a large garish watch.....a Goer (which he pronounced snottily as Go-EHHHH) but I didn't have to heart to tell him what a massive douchebag he looked like.
eddiea
Founding Member & Master of Time
Posts: 10647
Joined: December 25th 2009, 11:00pm

Re: Invicta Donates To Soldiers - false claims about the values of the watches donated.

Post by eddiea » May 31st 2012, 9:22am

themadhungarian wrote:3 watch brands make up 99.999999% of the watches worn in combat zones: Casio G-Shock, Suunto, and Timex, because that is what AAFES sells!

I recently spotted a lieutenant in my company wearing a large garish watch.....a Goer (which he pronounced snottily as Go-EHHHH) but I didn't have to heart to tell him what a massive douchebag he looked like.

That makes sense magyar...and prompt the question, why would anyone sent useless fashion accessories to a platoon of soldiers?
WatchDorks.Net
Senior Member & WIS
Posts: 4797
Joined: June 10th 2010, 10:00pm
Location: The Peoples Republic of Illinois
Contact:
Contact WatchDorks.Net

Re: Invicta Donates To Soldiers - false claims about the values of the watches donated.

Post by WatchDorks.Net » May 31st 2012, 9:49am

Do you really need to ask that question?

For the tax writeoff and the publicity, DUH!

Not a single person over at WG has dared to question either the motivation or the claimed value... damned idiots.
Proud "hater" since 2009. Get over it and have fun reassembling yer wartches.

Image

Image
User avatar
abduksion

Re: Invicta Donates To Soldiers - false claims about the values of the watches donated.

Post by abduksion » May 31st 2012, 10:01am

45 watches do not equal $70k. 585x45=26,325. I'm going by what Shop as the watch listed at MSRP. So where in the hell is the other 50k coming from? Shipping??? Even if the watches had a MSRP of the $188.43 the current price shop as them its only 183x45= 8,479.35 That would mean it cost Invicta over $50k to ship them???
Last edited by abduksion on March 21st 2013, 11:01am, edited 1 time in total.
TemerityB
Troll
Posts: 17978
Joined: June 12th 2010, 10:00pm
Contact:
Contact TemerityB

Re: Invicta Donates To Soldiers - false claims about the values of the watches donated.

Post by TemerityB » May 31st 2012, 10:18am

I just read the local (NY) CBS 2 (our local channel here) report, which contained the line, "CBS happy to play a role..."

In fact, the headline of the article reads:

Invicta CEO Delivers Watches To U.S. Soldiers With A Little Help From CBS 2

As much as I admire our troops and charity, allow me this: That's really fucking lame, CBS.

A real news organization - journalists, that is - aren't supposed to be part of the story, no matter what their role. I've been a news reporter, and if someone called me looking for information or help on something, absolutely, you help them out. But when the story comes out, the channel gives itself a pat on the back? That doesn't even qualify as yellow journalism - that's selling out your news cred for the sake of an "aww, isn't that nice!" from your lamest viewers.

What the fuck ever happened to standards, both personal and professional? A news room is supposed to be there to simply report, but then again, since Fox has pretty much ruined the TV news business, everything's a fucking variety show now. A prominent newscaster in upstate New York once told me, "we're not here to help; we're not here to hurt. We're here to report the news." Of course, that was a long time ago. Standards? Only if they equate to ratings points these days.

And as for Invicta, I have NO problem with their gift. Someone sent our servicemen free stuff. Personally, I think that's great in fact. I've done it myself - the only difference is I didn't concoct a way to let the press know all about it.

But that's our problem as a society; unless is happens on TV, it didn't happen. And only with a company like IWG can something like this take place and it still feels grubby and faux.
Last edited by Anonymous on May 31st 2012, 4:14pm, edited 1 time in total.
"Funny how things that start spontaneously end that way. Eat a peach." - Neil Young
User avatar
koimaster
Founder
Posts: 46158
Joined: December 16th 2009, 11:00pm
Location: Oregon, Thanks for visiting! Now go back home!
Contact:
Contact koimaster

Re: Invicta Donates To Soldiers - false claims about the values of the watches donated.

Post by koimaster » February 20th 2013, 8:54pm

http://www.shopnbc.com/OFFER/?track=-20301;&action=View&offercode=604-440&cm_re=Search-_-family-_-N



Hollywood Company Donates Designer Watches To Soldiers



http://miami.cbslocal.com/2012/05/29/hollywood-company-donates-designer-watches-to-soldiers/#comments

Image

1946-2006

“Your heart was warm and happy

With the lilt of Irish laughter

Every day and in every way

Now forever and ever after."
User avatar
Horse Feathers
ASSHAT - RETIRED
Posts: 9280
Joined: August 29th 2010, 10:00pm
Contact:
Contact Horse Feathers

Re: Invicta Donates To Soldiers - false claims about the values of the watches donated.

Post by Horse Feathers » March 20th 2013, 7:50pm

"If you contribute inventory (property that you sell in the course of your business), the amount you can claim as a contribution deduction is the smaller of its fair market value on the day you contributed it or its basis"

http://www.irs.gov/publications/p334/ch06.html

So for a manufacturer the tax code is clear, the amount of your deductible contribution is the fair market value (FMV), minus any gain you would have realized if you sold the item at its fair market value on the date you made the donation.

Example, Lalo has a watch in inventory that he paid a factory in China $50 to make. He decides he needs to offset the latest debacle and decides to donate the watch. On that date ShopNBC would pay him $200 for it. If he decided to sell the watch his profit would be $150 ($200 wholesale less $50 cost). So his donation is limited $50





Image

"I did lose a pusher pulling it out of the mug however
it doesn't affect functionality"
- JR of Reclinervision ™
User avatar
koimaster
Founder
Posts: 46158
Joined: December 16th 2009, 11:00pm
Location: Oregon, Thanks for visiting! Now go back home!
Contact:
Contact koimaster

Re: Invicta Donates To Soldiers - false claims about the val

Post by koimaster » April 26th 2014, 1:50pm

:bump:

Since there is a thread at BDWF posted by GeorgeH, I thought I would bump this up. George, I am not a member at that forum but this is my point, not an agenda, The value if fraudulent in a big way. And to use this incident to hawk his ware is bullshit. Two tv stations and new groups reported this crap and while this soldier and his platoon received free watches (sort of), a vendor should IMHO not brag about it and more importantly, not lie about it.

That is the point and more to the point, I wonder if Invicta has tried to write this off? If so, what would the value be, the cost to make the watches estimated to be $3.00 each, plus shipping at $2.00 each and packaging at $1.00 each or the BS inflated MSRP?
Image

1946-2006

“Your heart was warm and happy

With the lilt of Irish laughter

Every day and in every way

Now forever and ever after."
Post Reply

Return to “Invicta controversies”

Who is online

Users browsing this forum: No registered users and 4 guests