Michael Kelly, a 32-year-old former employee of Gold & Diamond Source in Clearwater, Florida, was arrested on charges of scheme to defraud after stealing 36 high-end watches valued at over $650,000 from his employer. The investigation, which began in mid-May 2025, revealed that the thefts occurred over a period starting in October 2021. The employer suffered a financial loss exceeding $650,000 due to the stolen watches. This case highlights ongoing concerns about employee theft in the luxury retail sector.