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Sunrise Point · 09-29-2010, 03:28 PM

The pawn shop makes quite a profit. Consider this, if the pawn shop owner paid the thief $100.00 for the kayak, then sold it to someone for $200.00, they have made a $100.00 profit.

When it is discovered to be stolen and the honest person returns it to the police, the pawn shop owner refuses to refund them the $200.00 and insists that legally they have to collect it from the thief (who only received $100.00 from the pawn shop owner).

The pawn shop owner has made $100.00 free and clear. There is absolultely NO incentive for them to be dilligent in making sure that any goods that they take in are not stolen, because if they sell the item, they keep all of the money and make a profit.

09-29-2010, 03:28 PM	#40
Sunrise Point Senior Member Join Date: Jan 2007 Location: Meredith Center / Winnisquam Posts: 250 Thanks: 87 Thanked 34 Times in 21 Posts	Pawn shop The pawn shop makes quite a profit. Consider this, if the pawn shop owner paid the thief $100.00 for the kayak, then sold it to someone for $200.00, they have made a $100.00 profit. When it is discovered to be stolen and the honest person returns it to the police, the pawn shop owner refuses to refund them the $200.00 and insists that legally they have to collect it from the thief (who only received $100.00 from the pawn shop owner). The pawn shop owner has made $100.00 free and clear. There is absolultely NO incentive for them to be dilligent in making sure that any goods that they take in are not stolen, because if they sell the item, they keep all of the money and make a profit.