Received a fake rolex in a trade!

[mgennone]

I was making a trade for an Armida A6 for a Steinhart OVM....an even trade of some nice Rolex inspired watches. Then the box arrives and.....well instead of that nice Steinhart I receive a Rolex! The Rolex is of course fake. I was both impressed with the quality but shocked someone would do this. I had to pull out my own real Rolex to compare some of the issues with the watch.

OK now onto the problem. What should I do with the fake Rolex? I would love to report the guy but where to do that? Is shipping a fake Rolex over state lines a punishable crime?

Throw it out? Wear it? Give it to my brother-in-law?

Oh and be careful trading with a guy from Opp Alabama.