Whistleblower: Victim finds jewelry was melted down

  • Article by: Jane Friedmann , Star Tribune
  • Updated: September 12, 2012 - 10:48 AM

In contrast to pawnshops' 60-day holding requirement, Bloomington city code allows precious metal dealers to melt down purchases immediately.

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melvinSep. 8, 12 6:12 PM

"The bond was meant to compensate anyone who can prove his or her stolen jewelry was pawned at the business.".... Where does the owner of 'Gold Boys' think that she should go elsewhere? That is what this bond is for. I suggest the council revise this policy. The owner thinks this is no big deal and not many of his sales are from stolen jewelery, perhaps he needs to experience loss of his own sentimental stuff and lose it. See how he feels.

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sharkysharkSep. 8, 12 6:39 PM

Gold Guys are a fencing operation, nothing more. It's no wonder that Beasy fights regulation so fiercely.

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la55122Sep. 8, 12 6:43 PM

So the thief got $400 or so. The replacement cost is much more. Who benefited the most? The Gold Guys. These are hard times and plenty of people willing to take advantage.

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scalpacasSep. 8, 12 7:40 PM

Revoke the operational permit.

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bomborSep. 8, 12 7:42 PM

Pawn shops = fencing. About 100% of the time.

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thedanmanSep. 8, 12 8:18 PM

I'd press charges against the thief assuming they can track him down with the ID/photograph the business recorded and submit a claim to be paid from the bond. But that's just me.

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jbpaperSep. 9, 12 8:07 AM

"For metal dealers, the luxury of being able to immediately sell or melt down merchandise is rare. State law requires a 14-day holding period, but allows cities to adopt stricter standards." ----- Can someone explain how Bloomington's ordinance is stricter than the states? In my opinion, being able to put up a bond instead of waiting 14 days doesn't seem to be stricter standard.

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meechemillSep. 9, 12 8:14 AM

Sounds like the City Council caved into the Gold Guys who sound like a bunch of crooks! No excuse for not holding jewelry for 30 days to give people a chance to reclaim it - this stinks - not only are the Gold Guys to blame but also the weak City ouncil who caved into their demands - demands so they can get rid of stolen jewelry immediately - I'm glad the Star Tribune exposed these Gold Guys and the weak little milk-toast people on that ity Council - no guts to say NO to the Gold Guys?

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roymercerSep. 9, 12 8:25 AM

Bloomington City Council = chumps for gold dealers

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pimstpaulSep. 9, 12 8:43 AM

The days of jewelry burglaries are over? That activity was just a passing fad, especially with gold prices sing what they are??

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