Converting stolen goods to currency

In Australia, there is a business which converts stolen goods to money. This fraud and moving of stolen goods is known to police agencies, and is kept under wraps from the public eye.

When an item is brought to the business to be sold, the person producing the item must provide suitable identification. The person then produces false identification.

The person taking down the details fulfills the obligation, even though the details are false.

The item is then taken out the back, for a period of 7 days, then is put out onto the shop floor for sale.

The criminals bring in various items, from expensive professional tools, various electronic goods to mobile phones.

As a general rule, the business are located in the poorer suburbs, close to public transport, as that type of petty criminal does not use motor vehicle transport.

This is type of criminal practice has been going on for quite some time, and authorities are deliberately turning a blind eye, in effect supporting the criminals, and the peddling of stolen goods. The mass media has also taken a deliberate stance on silence on this matter.

The estimate from a source within the industry puts it at tens of thousands of dollars per day.

corpau.