From Florida comes a report of another way for pawnbrokers to lose money. In this case, $30,000 to a crooked employee who forged pawn tickets, put his own thumbprint on them, then pocketed the amount supposedly given to the customer.
This shop was using paper forms, so it might have been harder to carry it on with an electronic pawn system. On the other hand, the story does not say either how the employee was caught or why it took 9 months to catch him.
You would think that somebody would have noticed that the loans were not being repaid and then discovered that the pawned items weren’t in the store. Unless the crook was doing a lot of extensions.
We note that 52 pawns for $30,000 equals about $600 a “transaction,” another reason you’d think whoever reviewed the summaries should have noticed.
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