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Old 06-02-2020, 06:45 PM
 
1,430 posts, read 1,087,213 times
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Thanks DeBalsio, Cuomo and democrats. Your let em loot stance is making criminals richer!



If you take a Rolex to a pawnshop, chances are that you'll be arrested and the stolen goods seized as soon as the pawnbroker shows the watch to a dealer for an appraisal.
But apparently they didn't listen, because the NYPD reported that one jewelry store in midtown lost $2.4 million in Rolex watches last night as looters broke into a store in SoHo.
"The Rolex store is empty," a police source told the NYPost. "They stole like $2.4 million in Rolexes.”
Footage of the looting has gone viral.
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Old 06-02-2020, 06:52 PM
 
31,907 posts, read 26,970,741 times
Reputation: 24814
Quote:
Originally Posted by pappjohn View Post
Thanks DeBalsio, Cuomo and democrats. Your let em loot stance is making criminals richer!



If you take a Rolex to a pawnshop, chances are that you'll be arrested and the stolen goods seized as soon as the pawnbroker shows the watch to a dealer for an appraisal.
But apparently they didn't listen, because the NYPD reported that one jewelry store in midtown lost $2.4 million in Rolex watches last night as looters broke into a store in SoHo.
"The Rolex store is empty," a police source told the NYPost. "They stole like $2.4 million in Rolexes.”
Footage of the looting has gone viral.
Maybe, but then again don't believe everything you hear.

https://nypost.com/2020/06/01/looter...o-rolex-store/

For ages now nearly all high end jeweler, watch and similar stores do not keep much merchandise in display cases after closing. It all goes into the vault, to be brought out next business day.

True many place still do leave things in cases or display windows overnight, but if theft happens (and it often does), insurance may not cover losses.

Given nature what was going down prior to Monday night, wouldn't be surprised if that Rolex store did lock up everything.
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Old 06-02-2020, 06:58 PM
 
1,430 posts, read 1,087,213 times
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It's called wealth redistribution and those rolexes were confiscated, maybe insured but I suspect
insurance won't pay. Cuomo and DeBlasio are happy about it I imagine.
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Old 06-02-2020, 07:06 PM
 
1,486 posts, read 989,013 times
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Quote:
Originally Posted by BugsyPal View Post
Maybe, but then again don't believe everything you hear.

https://nypost.com/2020/06/01/looter...o-rolex-store/

For ages now nearly all high end jeweler, watch and similar stores do not keep much merchandise in display cases after closing. It all goes into the vault, to be brought out next business day.

True many place still do leave things in cases or display windows overnight, but if theft happens (and it often does), insurance may not cover losses.

Given nature what was going down prior to Monday night, wouldn't be surprised if that Rolex store did lock up everything.
Well said Bugsy! Such a fake news thread!


Once someone reads the article they realize this thread have no point.
Quote:
But the store’s spokesman said “no watches of any kind were stolen, as there weren’t any on display in the store. There were simply windows broken and some vitrines smashed.

Last edited by SoullessOne; 06-02-2020 at 07:15 PM..
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Old 06-02-2020, 07:09 PM
 
31,907 posts, read 26,970,741 times
Reputation: 24814
Quote:
Originally Posted by pappjohn View Post
Thanks DeBalsio, Cuomo and democrats. Your let em loot stance is making criminals richer!



If you take a Rolex to a pawnshop, chances are that you'll be arrested and the stolen goods seized as soon as the pawnbroker shows the watch to a dealer for an appraisal.
But apparently they didn't listen, because the NYPD reported that one jewelry store in midtown lost $2.4 million in Rolex watches last night as looters broke into a store in SoHo.
"The Rolex store is empty," a police source told the NYPost. "They stole like $2.4 million in Rolexes.”
Footage of the looting has gone viral.
Another thing; only low level rubes would take random stolen jewels to a pawnshop.

Those who deal in such things on regular enough basis (think along lines of the Sopranos) know where and how to fence things. Yes, there are fences whose main front is a jeweler or whatever store, pawn broker, etc... but they are often very leery of random eegits showing up with stuff they want gone. As well they should because in that line of work LE usually knows who these people are, but just need reasons to bust and prosecute.

Heck if you watch crime dramas both old school (Kojak, Cannon, etc...) and modern detectives and LE all know local fences in their area. These are first places they go to and if necessary turn up heat when something goes down.

Every local snitch also knows fences, which again is also why LE will bust their balls as well when they need information.

Best thing for total eegit would be trying to get rid of stuff on CL, eBay, or other online (which plenty of them do as those places are full of stolen merchanise), and take their risks.

If a fence doesn't know someone and or if the stuff is so hot it can't be touched for ages they likely will offer very low price, take it or leave it. But after showing fence what you've got that is another person who knows what you did and how came into possession of goods. Do it enough times and word gets around on street which leads a path right to your front door.


Low level eegits/minorities like many of these looters (on foot) will likely keep the stuff, sell it in the "Projects Market", or other low income housing related marketplaces.

In or near every single NYCHA project you can find or get tons of stuff that "fell off a truck". Cigarettes (loose or by carton), diapers/baby supplies, etc.. This along with the usual illegal or whatever drugs.
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Old 06-02-2020, 07:24 PM
 
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Most looters will keep the stuff for a long time. If they looted one store, why not others!
The looters are in control in NYC!
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Old 06-02-2020, 07:34 PM
 
31,907 posts, read 26,970,741 times
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Quote:
Originally Posted by pappjohn View Post
Most looters will keep the stuff for a long time. If they looted one store, why not others!
The looters are in control in NYC!
Again yes, local suspects will; but there are professionals involved (those driving into city from NJ, Conn, or other areas), as noted in above linked posts on Gothamist and EV Grieve.

That stuff is going to be fenced on eBay or whatever.


Some of things stolen like phones will need further activity for activation. Those Verizon and other stores hit know what phones were taken and if any random eegit tries to get them activated will come up as stolen or whatever. There are plenty of East Asian phone/electronic stores that will take stolen merchandise; they either have someone on staff, know how themselves or whatever the ability to get things activated and wiped of identifying data.

Long story short unless you want a brick, you need assistance.

Now yes, those phones could be sold on eBay or whatever to some unsuspecting eegit, but they will have same issues, and will be flat out told upon attempting to activate that phone was stolen.

Skateboards, clothing, food, stuff from Target, Duane Reade, etc.. that stuff is more easily fenced. If these animals managed to get into pharmacies than sky is limit for any controlled stuff they pocketed.
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Old 06-02-2020, 09:29 PM
 
1,430 posts, read 1,087,213 times
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I suspect there was some professional planning involved
In this case. The rioters made it look way too easy.
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Old 06-02-2020, 10:08 PM
 
Location: New York City
19,061 posts, read 12,717,974 times
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Quote:
Originally Posted by pappjohn View Post
I suspect there was some professional planning involved
In this case. The rioters made it look way too easy.
Rolex Inc claims there were no watches in the displays and post story was fake news
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Old 06-03-2020, 03:53 AM
 
Location: NY
16,050 posts, read 6,843,318 times
Reputation: 12305
From this viewpoint if true,
what a priceless moment it would make to take a snapshot of the
the guy standing on the free cheese line wearing a $30,000 watch
or jumping a turnstile......go figure.
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