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New St. Pete resident sues Tampa pawn shop over high-priced stolen wristwatch

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A Texas man who recently relocated to Florida is suing over a rare wristwatch stolen and turning up at a Tampa pawn shop.

In late 2016, Edward C. Bailey moved into a $750K third-floor condo at the Parkshore Plaza high-rise on St. Petersburg’s tony Beach Drive. Court records show no mortgage recorded in Pinellas County, suggesting the purchase was paid in cash.

Bailey claims that his wristwatch was stolen (or misappropriated) Jan. 5, and was taken to Mr. Money Pawn and Gun at 3315 E. Hillsborough Ave. in Tampa.

The watch is no ordinary timepiece, however; Bailey describes it as one of 50 Breitling Bentley Flying B Chronographs  – with white mother of pearl, a guilloche pattern, rose gold with a pave case, and a “full pave diamond bracelet.”

In the claim for return of stolen property from a pawnbroker – filed Feb. 7 without the help of an attorney – Bailey puts the current value of the watch at $157,000. No police report was attached to the paperwork, although it is possible police helped the watch at Mr. Money.

While the claim does not specify who took the watch nor how it got to the pawnshop in question, Bailey is asking Mr. Money to return it.

According to there is no “Edward C. Bailey” listed in St. Petersburg. The phone number he provided the court has a Dallas, Texas area code. Bailey apparently used a Texas driver’s license as identification for the notary, listed as Joseph M. Pugliano.

Edward Carl “Ed” Bailey is a well-known restaurateur in Dallas, who owns several dozen McDonald’s franchises in North Texas, but available records do not make it clear he is the same person bringing this Florida suit.

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