We'd like to start this news piece by confirming that this isn't an April Fools joke. Right, Timbaland has been accused of insurance fraud by American Home Assurance Company over a $900,000 watch.

According to TMZ, Timbaland filed a lawsuit against AHAC following his 2-year-old daughter losing his Jacob & Co. watch (which contained 30 carats of diamonds).

However, the company have now accused the producer of foul play. They've questioned why the watch was insured for twice its value, why it was reported stolen before Timbaland changed his statement four months later to it being misplaced by his daughter and why everyone involved told a different story.

Whilst us Brits put the clocks forward over the weekend, Timbaland probably wishes it could go back a few thousand hours. [via HipHopDX]