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Home   About   Membership   Resources   Government Affairs   Meetings & Events March 22, 2011
 
 
 

Alone for a loan: Chicago suburb's sole pawnshop will remain that way — by law
Evanston Review    Share   Share on FacebookTwitterShare on LinkedinE-mail article
Windy City Jewelry & Loan, located in Evanston, Ill., is part jewelry, part electronics, part novelty store. It's a place where the hard of luck, or the hard of cash, visit when they need help faster than they're going to get through regular channels. The business, which is 10 miles north of downtown Chicago, spent a brief time in the limelight over the past few weeks as its city leaders approved an ordinance reducing the number of pawnbroker licenses allowed in the Evanston from two to one. More



Little regulation, lots of risk can leave gold investors
on shaky ground

Sun-Sentinel    Share    Share on FacebookTwitterShare on LinkedinE-mail article
VideoBrief
With the price of gold at near or all-time highs, South Florida has become a national hotbed for companies operating in a largely unregulated niche of the precious metals industry, where some customers have reported losses in the tens of millions of dollars, a Sun-Sentinel investigation has found. In Broward and Palm Beach counties alone, more than 45 firms have opened since 2007, offering clients the chance to buy gold and other precious metals via heavily financed transactions.
More

Missile for sale: Ex-Israeli sergeant in market for 'Pawn Stars' weapon
Aol News    Share    Share on FacebookTwitterShare on LinkedinE-mail
article
Rick Harrison, co-owner of the Gold & Silver Pawn Shop, the Las Vegas store featured on the History Channel reality show "Pawn Stars," recently purchased a guidance system for a missile used on F-4 Phantom fighter planes. Harrison said they purchased the item from a woman who says she inherited it from her father. More

Economic downturn is a boon for pawnshops
Caribbean Business Puerto Rico    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The economic downturn of the past several years has been a boon for one industry — pawnshops. The business is regulated by the Financial Institutions Commissioner's Office (OCIF by its Spanish acronym), where all pawnshop owners in Puerto Rico must register and file annual reports. Prior to 2006, only 95 businesses were registered to operate as pawnbrokers with OCIF. Since then, 137 new pawnbrokers have registered with the office. More

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Possible pawnshop ordinance in Kanawha County, W. Va.
WSAZ-TV    Share    Share on FacebookTwitterShare on LinkedinE-mail article
For the past 15 years Chavela Simmons, the owner of All-N-One Pawn shop in Kanawha City, W. Va., has enforced strict guidelines when a customer comes in with something to pawn or sell. "We've always done paperwork even if we buy a DVD for 50 cents or a dollar ... it doesn't matter," Simmons said. "We take the person's ID, write it up, and it goes to the city of Charleston." And she's taking another step to help protect her business by signing up for LeadsOnline, a national database that the Kanawha County Sheriff's Department and the Charleston Police Department subscribe to — to track stolen items. More

Portrait of a pawnshop in Canada
CBC News    Share    Share on FacebookTwitterShare on LinkedinE-mail
article
Looking for a set of night goggles? An antique telephone? Conga drums? If you wander into City Collateral Pawn Brokers in Regina — the capitol of Saskatchewan, Canada — you've come to the right place. Bric-a-brac, knick-knacks and jewelry aplenty are part of the eclectic collection up for sale at the shop More



Takashi Murakami ring recovered in South Beach, Fla., pawnshop
BlackBook Magazine    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Last month, a one-of-a-kind Doruko ("skull") ring created by the Japanese artist Takashi Murakami was serendipitously recovered from Costa de Oro, a South Beach, Fla., pawnshop just steps away from the Miami Beach Police Department's headquarters. The platinum and diamond artwork, which features Murakami's iconic smiling daisies, had reportedly been stolen from the Delano Hotel's Florida Room back in December 2008, after the conclusion of the Art Basel satellite fair, Design Miami. More

Owners, cashier slain in pawnshop robbery in Moscow
The Moscow Times    Share    Share on
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An armed robbery escalated into a triple homicide at a pawnshop near Kievsky Station recently in Moscow, investigators said. Two men in surgical masks stormed into the business around 11 a.m., swiping cash and jewelry and killing three people in the process, Interfax reported. All three were shot dead. The robbers had cased the pawnshop the day before, Investigation Committee spokesman Vladimir Markin said at the crime scene Friday. More

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FBI raids pawnshop in Michigan
The Detroit News    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The owner of a Southfield, Mich., pawnshop raided by the FBI is cooperating with investigators, his attorney said this afternoon. Lawyer Jennifer Zbytowski Belveal issued a statement hours after the FBI executed search warrants at the Southfield pawnshop Zeidman's Jewelry and Loan. The pawnshop was linked to a public corruption scandal involving several public officials, including former Michigan state Rep. Mary Waters. More

Gold Buyers of USA takes on pawnshops
PR Web    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Gold and Silver Exchange launched a new nationwide website, Gold Buyers of USA, entering direct competition with local pawnshops across the country. “With gold and silver prices through the roof, many people still run down to their local pawnshop and sell their jewelry for a quarter of its value, or less,” founder David Castle said. "We're out to change that." More
 


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