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WatchCrime: King of Bling faces jail again after timepiece theft

by Simon Lazarus
9 April, 2013
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Simon is a published journalist in the UK, US and Europe on a range of topics and currently has a number of clients in different sectors for whom he produces content on a weekly basis. Topics include travel, property, food, lifestyle, finance, hi-tech and business.

Alexandros Kyriacou

WatchCrime

It seems ‘The only way is Essex’ for one crook based in the area. Having already been convicted just three years previously, Alexandros Kyriacou has landed himself in hot water again.

So what has the 47 year old been doing time for? His previous sentence was due to a £250,000 tax ruse as well as making an attempt to purchase Rolex watches for his Central London jewellery store. Little did he know he was buying them from a covert policeman.

He now has to contemplate going behind bars for an additional three and a half years if he fails to pay off his debt to society.

Alexandros Kyriacou

Alexandros Kyriacou

Dubbed the “King of Bling,” Mr. Kyriacou from South Woodham Ferrers was informed by the good people at  Her Majesty Revenue and Customs (HMRC) to pay up or shut up to the tune of £271,000.

According to sources from the Essex Chronicle, Gary Forbes, from the HMRC Criminal Taxes Unit declared, “Alexandros Kyriacou had no hesitation in cheating his way to a lavish lifestyle by deliberately evading his tax liabilities. Similarly, HMRC has no hesitation in pursuing Kyriacou both for his crime and for the proceeds of that crime.”

The father of five built up a lavish fortune which he piled to the brim with a number of different watches including Rolex and Cartier’s for a bargain basement price.

However, when he went to seal the deal and pay around fourteen grand for several Rolex watches worth more than £70,000, the authorities swooped like a hawk on the suspect.

In fact Kyriacou has been a wanted man for some time after an image was released by the Sun newspaper, read daily by millions of people across the UK.

His appearance lived up to his billing as he was seen dripping in accessories. He was cited as saying, “The rush to sell gold is on the TV and in papers, loads of adverts asking people to sell off their gold. It’s an effective way to raise some cash, but I do sometimes wonder just how hard up these people really are – the other day we had some gold teeth brought in.”

The magistrate’s court recounted tales of how the police investigated his shop where they uncovered not only a stolen laptop but a Cartier timepiece worth in the region of £1,100 and £60,000 in cash.

Meanwhile, he also intended to take out a second mortgage worth £200,000 on a glamorous house located in the countryside.

Kyriacou was in charge of a liability company entitled Go 4 Gold Ltd which he founded back in 2002. Yet suspicions arose as far back as 2008 when police decided to keep an eye on his particular shop.

Jaeger Le-Coultre Reverso

Jaeger Le-Coultre Reverso

At this time he purchased a wide variety of goods including a Jaeger LeCoultre Reverso estimated to be worth £2,750.

When sentenced in 2010, the judge proclaimed to the jewel encrusted fiend, “You bought and sold stolen jewellery and watches. The police sent in an undercover agent and you were prepared to deal in goods worth around £80,000.”

It seems all that glitters is certainly not gold.

Simon Lazarus | Website

Simon is a published journalist in the UK, US and Europe on a range of topics and currently has a number of clients in different sectors for whom he produces content on a weekly basis. Topics include travel, property, food, lifestyle, finance, hi-tech and business.

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