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The idea for the company was developed after observing a large amount of abandoned, seized, and recovered goods in the police property and evidence rooms. If police agencies are not able to return the stolen merchandise to the rightful owners, by law they must sell seized, recovered, found, and unclaimed personal property at public auction. [1]
The correct term is Proceeds of Crime auctions as featured in the BBC documentary series Ill Gotten Gains. Proceeds of Crime auctions are an established route used by regional police forces across the country to dispose of proceeds of crime, lost and found, seized, and unclaimed stolen and confiscated property. Items available at police auctions
Online auction websites can be used by thieves or fences to sell stolen goods to unsuspecting buyers. [29] According to police statistics, there were over 8000 crimes involving stolen goods, fraud, or deception reported on eBay in 2009. [ 30 ]
From November 2019 through December 2023, Larry and Nathaniel Leonard allegedly sold millions in stolen goods via eBay
He also allegedly stole $1.4 million of goods. ... Congress passed the Inform Consumers Act to combat selling stolen goods, something Home Depot's Glenn said was a step in the right direction.
After Tom Petty's family accused an auction house of offering up items they said had been stolen from the late rocker, RR Auction withdrew them from the sale.
Depending on the type of stolen merchandise a fence deals in, "front" businesses might be discount stores, used goods stores, coin and gem stores, auction houses, flea markets, or auto salvage yards. The degree of illicit activity in each "front" business differs from fence to fence.
Organized retail theft investigators arrested 10 people last week after uncovering a scheme involving over $218,000 worth of stolen goods. $218,000 in stolen retail goods found in an L.A. backyard ...