Quite sure that $ Lenders & pawn shops are going to have a bumper harvest this 2013..

[Fishypie]

Why ?..because our economy is going nowhere but southwards.Expect more retrenchments & Layoffs..so how are these peopLe going to survive ?..by getting short-term Loans from $ Lenders
and pawning their stuffs to tide them through this turbuLent year of 2013.
That's the way i predict how bad things are going to be.

 

[kopiuncle]

Re: Quite sure that $ Lenders & pawn shops are going to have a bumper harvest this 20

those traditional pawn shops have upgraded to do many other things like selling second hand jewellery and even do some currency exchanges...they are more "pawn shops" than before....some even go into cash loans...

 

[Fishypie]

Re: Quite sure that $ Lenders & pawn shops are going to have a bumper harvest this 20

ActuaLLy Pawn shopping is going 'grey' by extending Loans to customers too..

 

[kongsimi]

Re: Quite sure that $ Lenders & pawn shops are going to have a bumper harvest this 20

why nobody borrow millions from Dai yi long and run road?

SABO them mah!

 

[ray_of_hope]

Re: Quite sure that $ Lenders & pawn shops are going to have a bumper harvest this 20



Ex-pawnshop executive jailed for $465k criminal breach of trust
Published on Jan 03, 2013, ST
By Elena Chong

A customer services executive of Maxi-Cash Ventures, who misappropriated $464,623 worth of gold bars and other valuables from the pawnshop was jailed for five years on Thursday for criminal breach of trust and money-laundering.

Desmond Kee Chia How, 27, now unemployed, pleaded guilty to misappropriating five 1kg gold bars, jewellery, two Rolex watches and cash of $108,737 from the Maxi-Cash Yishun branch at North Point shopping centre.

The offences were committed between July 2 and 4 last year.

He also admitted to transferring $308,000 to one Ah Di, an illegal moneylender he claimed to have owed money to, on July 3. The next day, he transferred the jewellery, watches and the cash of $108,737 to him.

The court heard that Kee was one of the two persons in charge of the pawnshop when he entered the vault to remove the property from one of its safes.

He claimed that three to four months before the offences, he had incurred significant gambling debts and sought a way to pay these debts.

Kee surrendered himself to the police on July 4. No restitution has been made.

 

[watchman8]

Re: Quite sure that $ Lenders & pawn shops are going to have a bumper harvest this 20

ActuaLLy Pawn shopping is going 'grey' by extending Loans to customers too..

Technically not a loan, more like a sale of valuables by the customers if money is not paid back.