Singapore Watch Boutique Scam: $500,000 Stolen in Ponzi Scheme (2026)

Singapore watch boutique employee's waitlist scam cheats victims of almost $500,000

09.01.26

Jamie Weiss (https://timeandtidewatches.com/author/jamie/)

The start of a new year often brings a mix of excitement and uncertainty. As we bid farewell to 2025, the watch community is abuzz with anticipation for the upcoming releases and trends. But amidst the buzz, a recent scandal has shaken the industry, revealing a shocking scam orchestrated by a Singapore watch shop employee.

The Waitlist Scam Unveiled

Soh Jian Kun, a former employee at Cortina Watch, has pleaded guilty to defrauding 14 victims, including friends and former customers. Kun claimed he could secure coveted Rolex and Patek Philippe models through a staff purchase scheme, but it was all a facade. The Straits Times reports that Kun fabricated Cortina Watch forms, fake receipts, and chat screenshots, complete with real employee names and phone numbers, to deceive his victims. The scheme, which promised 'inside access' to rare watches, resulted in a staggering $495,000 being stolen.

This incident has sparked debate among watch enthusiasts, who are surprised by the occurrence in Singapore, a country renowned for its safety and low crime rate. The case highlights the importance of due diligence and caution when dealing with high-end watch purchases.

Looking Ahead: Industry Predictions for 2026

As we move forward, the watch industry is brimming with potential. Time+Tide invites readers to share their predictions for 2026. Who will collaborate? Which brands will dominate? Will microbrands rise to the top? And who will be spotted wearing the best watches? The team encourages readers to engage in the discussion on Instagram, sharing their thoughts and insights.

Watch Meme of the Week: New Year's Resolutions

A playful watch meme takes center stage, featuring New Year's resolutions. The team at Time+Tide finds humor in the idea of turning over a new leaf, even if it's just in the world of watches.

Wrist Shot of the Week: Back in Black

Jason Lee, a contributor to Time+Tide, showcases his new Omega Speedmaster Dark Side of the Moon. The triple black model, with its vintage pie-pan ceramic dial, is a stunning addition to any wrist.

Time+Tide Shop Pick: Mido Ocean Star Decompression Timer 1961 Limited Edition

The Mido Ocean Star Decompression Timer 1961 Limited Edition, released in 2020, quickly sold out, but its demand remains high. The watch's unique black and pastel roulette dial has become a sought-after treasure among enthusiasts. Time+Tide offers a limited number of these watches, priced at A$2,350.

Team's Favorite Watches of 2025

Time+Tide's team reflects on the year's releases, highlighting their favorite watches. From the GPHG awards to commercial successes, the team shares their diverse picks, inviting readers to engage in the discussion and share their own opinions.

Seiko's Alpinist: A Field Watch Redefined

The Seiko Alpinist has earned its reputation as a top entry-level mechanical watch. With its tool watch specifications, elegant design, and affordable price, it has become a favorite among enthusiasts and collectors. The eighth-generation model, released in 2025, further enhances its durability and style.

Blancpain Grande Double Sonnerie: A Masterclass in Complicated Chiming

Russell, a watch enthusiast, praises the Blancpain Grande Double Sonnerie as a masterpiece in complicated chiming watches. This release showcases Blancpain's ability to create unique melodies and establish itself as a leader in the industry, moving beyond its iconic dive watch reputation.

Singapore Watch Boutique Scam: $500,000 Stolen in Ponzi Scheme (2026)
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