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.