Scammed for $5000 for Omega Speedmaster watch

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Perhaps his account was hacked. Maybe the Mods can get you in contact since the individual has been a member since 2011... I hope you manage to get some answers.
 
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One final academic point. If the scammer declares bankruptcy, you might be required to give that money to the federal court as a "claw back" of the debtors' assets. It's a rare occurrence, but I have seen it happen.

Just another reason why banks are usually reluctant to get involved.
gatorcpa

The scammer would likely be admitting to the crime should he list the scammed party as a creditor.