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Crocs founder: $85K watch lost in Sushi incident
Contributed by: Jeff Thomas/YourHub.com on 2/5/2007

Crocs founder and former CEO George Boedecker reported his $85,000 watch was missing as police questioned him about allegedly harassing customers at the Hapa Sushi Grill, 1117 Pearl St. in Boulder at 9 p.m. Feb. 3, according to a release from Boulder Police. Police said officers were initially called to that location on a report of a disturbance and staff there indicated that Boedecker was harassing customers.

Boedecker told officers that his watch had been stolen and he believed the man he was accused of harassing was the one who took it, according to the report. Police Public Information Specialist Julie Brooks said no one wanted to pursue charges against Boedecker for harassment.

"Officers contacted the other patron who consented to a search by officers," the release states. "

Officers did not find the watch, or any indication that there had been any interaction between Boedecker and the other man prior to the confrontation.

"Boedecker did not describe for officers when or how he believed the watch might have been taken," the release continues.

"Officers do not consider the other patron in the bar a suspect in the theft. The watch is described as a gold Roger Dubuis Reel Diver watch with a platinum lining. According to Boedecker, the watch is valued at $85,000."

Boedecker co-founded Crocs in 2002 with partners Duke Hanson and Scott Seamans, stepped down as CEO in 2004 when the company brought in Ron Snyder for the job.

In May of 2006, he abruptly stepped down as a member of the board, and was arrested the following week for investigation of misdemeanor counts of trespass and threatening bodily injury in an incident in which he allegedly threatened his former brother-in-law.

Boedecker made $21.95 million in the Crocs IPO, which was held in February 2006, and still owns just under 9 percent of Crocs shares, making him the largest shareholder with holdings worth around $100 million.

Boedecker could not be reached for comment.

Anyone with information about the reported theft of Boedecker's watch is asked to contact the Boulder Police Department at (303) 441-3333. Those with information regarding the identity of the suspect(s) and who wish to remain anonymous should contact Boulder County Crime Stoppers at (800) 222-TIPS (8477) or (800) 444-3776. Those submitting tips that lead to the arrest and filing of charges on a suspect(s) may be eligible for a cash reward of up to $1,000 from Boulder County Crime Stoppers.




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Showing 1-6 of 6 comments
Submitted By: Nikki Britain
posted on 2/12/2007 @ 10:17:54 AM
(Not Rated)
Let me get this straight... Someone who made 21+ million one year ago apparently cannot simply REPLACE his $85K watch??? My income as "Mom" the last six years has been, well...nothing. But even I could afford to buy a new timepiece. I have also found (sadly from personal experience) that sushi and large quantities of alcohol don't mix for many, many reasons, not limited to the loss of personal belongings.
Submitted By: Crawford Clark
posted on 2/11/2007 @ 10:43:29 AM
Rated Story
Of course it's insured. I just wonder what kind of car(s) a man with an 85,000 watch drives.
Submitted By: David Alter
posted on 2/8/2007 @ 9:15:02 AM
Rated Story
sounds like a croc(k) to me. David
Submitted By: Barbara Neff
posted on 2/6/2007 @ 2:46:54 PM
Rated Story
Sounds as if George drank himself well past the witty and charming stage. Perhaps he was also past that stage when he lost his watch, stated that his watch was worth as much as a condo and surely he was past the witty and charming stage when he purchased it. It takes a drunk to stand a drunk.
Submitted By: Robert Paley
posted on 2/5/2007 @ 6:22:02 PM
(Not Rated)
What kind of a narcissistic monster co-founds a company that features an unassuming shoe and also owns an $85,000 watch?
Submitted By: David Alter
posted on 2/5/2007 @ 5:44:53 PM
Rated Story
Jeff: I'm charitable. will he accept a $3.95 replacement, new four years ago from Wallmart? $85,000 watch? Sushi might have gobbled it up. What was it made of and was it insured? David
Showing 1-6 of 6 comments
CONTRIBUTOR INFORMATION

Jeff Thomas has posted 1629 stories and 83 comments since joining on 9/14/2005. Jeff Thomas's average story rating is 4.73.
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