Famous Dex claims he was held up at gunpoint … telling cops robbers made off with his expensive timepiece and a fat stack of cash.
Law enforcement sources tell TMZ … the rapper told police he met up with a friend Wednesday night in the San Fernando Valley and borrowed a $50,000 watch for a video shoot. Dex claims he was followed after leaving with the watch.
Our sources say Dex told cops when he stopped his car a few men pulled guns on him. Dex claims the gunmen took the watch, plus thousands of dollars in cash, and then took off.