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

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

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

Postby JAS1125 » April 26th 2014, 3:47pm

koimaster wrote: 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.


100% agree.....and if you were going to do something for the troops, value aside, the quantity that he donated was squat. The receiving soldiers may have been appreciative of the donation, but if he really wanted to help the troops he could have done much more.
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Re: Invicta Donates To Soldiers - false claims about the val

Postby TemerityB » April 26th 2014, 8:13pm

JAS1125 wrote:
koimaster wrote: 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.


100% agree.....and if you were going to do something for the troops, value aside, the quantity that he donated was squat. The receiving soldiers may have been appreciative of the donation, but if he really wanted to help the troops he could have done much more.


Real charitable people do things to be charitable; they don't need (or want) to call press conferences to thump their fucking chests and make a bunch of questionable claims. Everyone involved - IWG, especially WCBS/Channel 2 here in NYC, the Florida press - you're all a bunch of cheeseballs, and you can quote me.
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Re: Invicta Donates To Soldiers - false claims about the val

Postby biglove » April 26th 2014, 8:27pm

When I read the news bit a few weeks back it sickened me.

Looked the "charity" financials up and they are a joke. Hope the IRS rips them a new one.
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Re: Invicta Donates To Soldiers - false claims about the val

Postby Horse Feathers » April 26th 2014, 10:00pm

Common definition:

Fair market value (FMV) is an estimate of the market value of a property, based on what a knowledgeable, willing, and unpressured buyer would probably pay to a knowledgeable, willing, and unpressured seller in the market.

The IRS definition:

Fair market value. Fair market value (FMV) is the price that property would sell for on the open market. It is the price that would be agreed on between a willing buyer and a willing seller, with neither being required to act, and both having reasonable knowledge of the relevant facts. If you put a restriction on the use of property you donate, the FMV must reflect that restriction.

That would pace FMV on these betwwen $0 and ($28), the cost of return shipping for repair.
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Re: Invicta Donates To Soldiers - false claims about the val

Postby koimaster » June 29th 2015, 12:08am

Wonder if the florida doj ever read this
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Re: Invicta Donates To Soldiers - false claims about the val

Postby koimaster » December 10th 2015, 10:09am

:bump:

Just a reminder that watches being sold at $188 at the time this "donation" was made x 45 does not add up to $78,000
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Re: Invicta Donates To Soldiers - false claims about the val

Postby TemerityB » December 10th 2015, 11:16am

koimaster wrote::bump:

Just a reminder that watches being sold at $188 at the time this "donation" was made x 45 does not add up to $78,000


Yep. And that's why Lalo's claims about his "Foundation" in the mag article recently should be taken with about a 1/4 grain of salt.
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Re: Invicta Donates To Soldiers - false claims about the val

Postby Luftwafflles » December 11th 2015, 12:48pm

Considering how Invicta treats the customers that actually purchase their product, how could anyone think they would, in any way, be really commited to any charitable act? Their last "sunday run" was supposed to be for charity. Except they offered a couple of watches that even the wits wouldn't buy. Just a way to get rid of unsold stock, yet link it to charity. A really despicable company.
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Re: Invicta Donates To Soldiers - false claims about the val

Postby koimaster » May 29th 2016, 7:10pm

A reminder to everyone what a sleaze lalo and his marketing are since this is about members of our military.
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Re: Invicta Donates To Soldiers - false claims about the val

Postby koimaster » March 1st 2017, 10:13am

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