A watch dealer, known as 'The Timepiece Gentleman,' has been arrested for defrauding customers out of $3 million after he admitted to owing millions of dollars in debts.Anthony Farrer, 35, who operated a luxury watch consignment business in Beverly Hills, was arrested by agents on Tuesday on charges of wire fraud—a felony that could result in a maximum prison sentence of 20 years.The arrest at a storage facility in Venice came after he admitted he has been 'spending people’s money, living above [his] means' posted on .
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