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Wealthy flock to pawnshops
CNBC    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Mark Friedman is an investor and bail bondsman to the stars. Inside a room with an armed guard in a building in Beverly Hills, Calif., he is getting ready to pick up his wife's five-carat wedding ring which he pawned earlier for some quick cash. "I'm in the real estate business, and sometimes you need to come up with $50,000 to $100,000 on the spot," he said. "You can't take the jewels to Bank of America downstairs when you got to get money that day, so you come to Beverly Loan." Beverly Loan Company is a high-end pawnshop three floors above the Bank of America branch on Santa Monica Boulevard. CEO Jordan Tabach-Bank's grandfather started the company 75 years ago. More
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National Pawnbrokers Association on American Public Media's Marketplace
American Public Media's Marketplace via NPA    Share    Share on FacebookTwitterShare on LinkedinE-mail article
National Pawnbrokers Association's spokesperson Emmett Murphy was interviewed for radio broadcast of American Public Media's Marketplace with Kai Ryssdal. NPA Board of Director member Jordan Tabach-Bank of Beverly Loan and NPA member Michael Mack of Max Pawn also made statements. Listen to the interview. More

Protect yourself from 10 menacing financial scams
U.S.News & World Report    Share    Share on FacebookTwitterShare on LinkedinE-mail article
No matter how safe you might feel, everyone is a potential victim of scams. The world is filled with financial criminals looking to steal your bank account information, invade your computer, and swindle you with their false advertising. They have a slew of tools at their disposal — and they're efficient — but with the right precautionary measures and knowledge, you can build a strong shield to secure your assets. More

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US warns on Java software as security concerns escalate
Reuters    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The U.S. Department of Homeland Security urged computer users to disable Oracle Corp's Java software, amplifying security experts' prior warnings to hundreds of millions of consumers and businesses that use it to surf the Web. Hackers have figured out how to exploit Java to install malicious software enabling them to commit crimes ranging from identity theft to making an infected computer part of an ad-hoc network of computers that can be used to attack websites. More

Obama equipment stolen from van in Virginia ends up in Maryland pawnshops
Richmond Times-Dispatch via The Huffington Post    Share    Share on FacebookTwitterShare on LinkedinE-mail article
A Richmond man pleaded guilty in federal court to stealing a truck loaded with audiovisual equipment intended for use by President Barack Obama. Wearing leg shackles and a blue jail jumpsuit, Eric Brown, 49, was found guilty by U.S. District Judge John A. Gibney Jr., who will sentence him on April 11. Brown faces a maximum of 10 years in prison for theft of government property, though he and the government agree a term of seven years is appropriate. … A criminal complaint filed against Brown alleges he boasted of his role in the theft, sold a stolen laptop computer from the truck and kept equipment that still contained the presidential seal. Investigators also obtained cellphone records that showed Brown was in the vicinity of the truck at the time it was stolen. Some of the equipment was recovered from pawnshops in Maryland. More



City of Racine, Wis., to track pawnshops — all items bought, sold to be logged
The Journal Times    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Starting in March, licensed pawnshop owners and second-hand dealers in Racine, Wis., will be required to catalog their goods for police through a statewide, computerized system. The goal? "People break into places and steal … then go sell it for cash," said Sgt. Martin Pavilonis of the Racine Police Department. "We're hoping to put a pinch on that." More

Gold, silver slip on subdued demand
The Economic Times    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Gold prices fell at the domestic bullion market due to poor demand from stockists amid sluggish local buying interest. Silver also slumped on the back of heavy speculative unwinding. Standard gold of 99.5 percent purity slid by Rs 80 to conclude at Rs 30,430 per 10 grams from overnight closing level of Rs 30,510. More

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Police: Thieves swipe jewelry at Houston-area pawnshop
KPRC-TV    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Three suspects are in custody, accused in a smash-and-grab robbery worth thousands of dollars. Baytown, Texas, police said the crime happened at the Cash America. Officials said two employees were busy helping customers at the time of the robbery. Surveillance cameras caught the crooks in action as they carried out the heist. More

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