Police target pawn shops in gold sting

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Updated: 1/09 8:43 am
Fresno police are busting pawn shops allegedly buying stolen gold.

The Fresno Gold Stop was one of three pawn shops busted on Tuesday.

Police recovered thousands of dollars worth of gold in the sting operation.

Police arrested the owners of the three businesses and charged them all with intentionally accepting stolen gold.

Members of Fresno's Burglary Task Force posed as thieves selling stolen gold and then busted the shop owners. 

Sgt. Tim Tiejen with the Fresno Police Department said, "IF YOU go to a normal pawn shop on any given day, they're going to ask for your ID and have you fill out some paperwork and have you finger print. And so they're going to go through some administrative steps they have to do to accept that gold. And so at this point, they didn't do any of that. They just took the gold, gave us cash and sent us on our way."

The Fresno Burglary Task Force is auditing all the shops in the Fresno. 

Police say they're hoping the trail will lead them to the thieves selling the gold.
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PRogers - 1/9/2013 4:58 PM
0 Votes
This business is not a pawn shop. Pawn shops are licensed to provide collateral loans as well as buy. As the price of gold spiked, these illegal gold buyers have popped up like weeds and operate with a willful disregard of the strict laws that govern purchases. I applaud the police for targeting these illegal buyers, but I dissapointed the reporter called them pawn shops. Pawn shops are generally family owned businesses who have stong ties to their commuity, customers and law enforcement.

jan schneider - 1/9/2013 3:36 PM
0 Votes
I am an officer of the California Pawnbrokers Association and wouls love the opportunity to speak with your reporter to set the record straight. These shops are not licensed pawn shops. They are illegal gold buyers that are not following the laws regarding buying, reporting and holding every item they purchase.

ARTinian - 1/9/2013 2:40 PM
0 Votes
THAT IS NOT A PAWN SHOP. THESE PALACE ARE ILLEGAL GOLD BUYER. PAWN SHOP LOAN, THESE PLACE CAN ONLY BUY. MISREPRESENTED.
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