Diamond International got knocked off

[gypsyjim]

Nope, guess not. Their speed boat plan apparently got them into hiding on the peninsula better than I would have thought, and I'm thinking they planned to leave the 13 to get caught.

So the store had $2 million in jewelry laying out where it could be grabbed by thugs with a big hammer, guarded by unarmed cops. Stupid. Their insurance should have required more. Just a robbery waiting & inviting. :silly:

Sounds like part of the real plan involved scattering the crew to attract the attention of the law, while the actual masterminds (and the loot) made good their escape.

Not sure how having the guard armed would have prevented the theft. Instead of clubbing him they could have simply shot him, or disarmed him at gun point, and the robbery would have taken not one second longer. Knowing he would be armed would have been a factor in the planning stage, you can be sure.

The boat trick makes a lot of sense as the island would not leave a lot of places to hide for long, and the cops were chasing around catching the rest of the crew. It would have taken time to respond with a boat anyway, unless a military craft just happened to be patroling nearby at the time.

 

[ggunn]

So this is interesting........now the amount is 25 million pesos.......BUT.....it is for 200 missing watches only....no cash....
So in dollars that would be about $9400 per watch......ok what tourist is going to walk into any jewelry shop here or anywhere and whip out $9400 for a watch?? The article also mentions that the store can't produce any documents to verify the value of the watches which raises a red flag to authorities as to how they came to have these undocumented products. The plot thickens..........

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Now, I don't have any more facts than any of the rest of us, but it smells a little funny that the reported value of the theft is now 25 times what it was originally, as if when the time came to fill out the insurance paperwork someone decided that they could get away with overreporting the value of what was stolen. It would be ironic (and I'm not saying that it happened this way) if the original theft were eclipsed by insurance fraud. Hey, maybe the whole thing was a ruse.

It would make for a good movie plot, anyway. Well, maybe a TV movie, anyway...

 

[DandyDon]

I think I saw that movie already.

 

[Mike]

Now, I don't have any more facts than any of the rest of us, but it smells a little funny that the reported value of the theft is now 25 times what it was originally, as if when the time came to fill out the insurance paperwork someone decided that they could get away with overreporting the value of what was stolen. It would be ironic (and I'm not saying that it happened this way) if the original theft were eclipsed by insurance fraud. Hey, maybe the whole thing was a ruse.

On that form the probably have listed, also stolen, 1985 mint condition IROC Z-28, a solid gold 1lb Hersey's Kiss, somebodies virginity...

Nice time to clean the books after a robbery.

My dad told me about one time in Vietnam they lost a helicopter, as in lost, disappeared from the air field, not crashed in combat, but simply gone... and it took about 6 months to make it official, but once it was announced it was going to be official they sent a memo out that on such and such date the helicopter would be officially listed as missing and be written off the companies books. They need to complete the process and part of that process was to itemize anything else that was on the helicopter when it went missing, whatever was listed would be officially written off the books with the helicopter. The company clerk looked at it as a time to clean the books of anything they had that was hanging up and still accountable... by the time it was over they had officially listed so much stuff that was on that helicopter that somebody figure out if all that stuff was on board, the helicopter was so over-weighted that it couldn't ever have lifted off. They told that guy to shut up. I think they had a jeep listed as on board before it was over.

 

[redacted]

Damn. I had my Rolex in there being serviced.

 

[Tigerman]

Damn. I had my Rolex in there being serviced.

You're waiting in suspense for your insurance claim then?

 

[ggunn]

On that form the probably have listed, also stolen, 1985 mint condition IROC Z-28, a solid gold 1lb Hersey's Kiss, somebodies virginity...

Nice time to clean the books after a robbery.

My dad told me about one time in Vietnam they lost a helicopter, as in lost, disappeared from the air field, not crashed in combat, but simply gone... and it took about 6 months to make it official, but once it was announced it was going to be official they sent a memo out that on such and such date the helicopter would be officially listed as missing and be written off the companies books. They need to complete the process and part of that process was to itemize anything else that was on the helicopter when it went missing, whatever was listed would be officially written off the books with the helicopter. The company clerk looked at it as a time to clean the books of anything they had that was hanging up and still accountable... by the time it was over they had officially listed so much stuff that was on that helicopter that somebody figure out if all that stuff was on board, the helicopter was so over-weighted that it couldn't ever have lifted off. They told that guy to shut up. I think they had a jeep listed as on board before it was over.

Why limit yourself to stuff that has gone missing? Isn't there something that you've always wanted that you've never been able to afford? Why not let the insurance company buy it for you?

 

[gypsyjim]

I think I saw that movie already.

Certainly does have a lot of Hollywood flavor, does it not?

Although the ballance of the crew does not seem to have seen that film.

Damn. I had my Rolex in there being serviced.

Do not laugh. That is a big problem in such burglaries and other major losses like fire, when you have a jewelery store! And customers always seem to place extreme values on what came in as a repair they were not sure was worth spending $ on, but has somehow just now become a priceless heirloom!

Why limit yourself to stuff that has gone missing? Isn't there something that you've always wanted that you've never been able to afford? Why not let the insurance company buy it for you?

For some reason insurance folks are real particular about you supplying invoices to prove your losses, as if anyone would ever try to lie about such things!

 

[AggieDiver]

On that form the probably have listed, also stolen, 1985 mint condition IROC Z-28, a solid gold 1lb Hersey's Kiss, somebodies virginity...

Nice time to clean the books after a robbery.

My dad told me about one time in Vietnam they lost a helicopter, as in lost, disappeared from the air field, not crashed in combat, but simply gone... and it took about 6 months to make it official, but once it was announced it was going to be official they sent a memo out that on such and such date the helicopter would be officially listed as missing and be written off the companies books. They need to complete the process and part of that process was to itemize anything else that was on the helicopter when it went missing, whatever was listed would be officially written off the books with the helicopter. The company clerk looked at it as a time to clean the books of anything they had that was hanging up and still accountable... by the time it was over they had officially listed so much stuff that was on that helicopter that somebody figure out if all that stuff was on board, the helicopter was so over-weighted that it couldn't ever have lifted off. They told that guy to shut up. I think they had a jeep listed as on board before it was over.

I worked for a company once where the local office managers were known to hold back profit from invoices in good months to use to meet goals down the road when they had a bad month. They just would wait and log the paid invoice in whatever month they wanted the money to show up. When the economy started to turn south, a few guys apparently started overreporting profit with phantom invoices that would be "delayed for payment" and would get rid of the invoice later when expecting to have a good month to balance it out. Well for quite a few of them, the bad months carried on for several years. When the company was bought out by a competitor, the time came to eventually merge the accounting systems. When they started that process, they quickly realized that they had several years worth of unreported losses in many of their offices from those fake invoices that would have to show up in on the quarterly reports order to square the books. So senior management did exactly what the office managers had done...they kept announcing delay after delay in the accounting system integration until they had a really good quarter...then announced a one time charge of well over a million dollars to cover all the fudged numbers that showed up during the transition. This was long before Sarbanes-Oxley and long after I had left, but it was still amazing to me to see their accounting transition stretch out to beyond 2 years in length just so they wouldn't have to report a bad charge against a bad quarter.

 

[cvchief]

Since you revived it, I think I read the "Rattles" is now in jail and "El Pollo" may have been shot to death in Mexico City. Sounds like the 'masterminds' were caught or killed.