Alfie Best Junior, the son of gypsy billionaire Alfie Best, has been ordered to pay £100,000 following allegations involving the sale of dubious Rolex watches. The case, brought before Peterlee Magistrates’ Court, centers on the sale of high-value timepieces through his company, The Best Kettles.
Background and Investigation:
Alfie Best Junior, a boxer and reality TV star, reportedly sold £1 million worth of luxury watches through his company. However, concerns arose when Durham Police began investigating the transactions. The probe revealed that the Rolex watches sold lacked serial numbers and documentation verifying their authenticity.
Financial investigator John Foreman revealed that the companies purchasing the watches, HRT Trading LTD and North Yorks Recycling LTD, had suspicious links to money laundering activities involving scrap metal. Foreman’s investigation indicated that these companies might have been set up primarily to launder money.
Court Proceedings:
In court, it was disclosed that Best Junior failed to provide serial numbers or provenance for the watches, leading to suspicions that the timepieces were either stolen or sourced from dubious origins. The court was informed that The Best Kettles had sold watches worth £940,000 to the mentioned companies, with no legitimate trading records or expenditures.
Best Junior’s inability to produce necessary documentation led to his company being accused of engaging in financial crimes. As a result, he has been ordered to repay £97,929.47 and cover £650 in court costs.
Additional Details:
Alfie Best Junior, who previously featured on reality shows like My Big Fat Gypsy Fortune and Absolutely Ascot, was expected to contest the court’s decision but did not appear. The court emphasized that the money involved was intended for unlawful use, hence the decision to forfeit it.
Conclusion:
The case highlights issues surrounding the provenance and authenticity of high-value luxury items and underscores the need for rigorous documentation in transactions involving expensive goods.
