Police in Los Angeles have seized dozens of stolen luxury items, cash and a gun tied to a business allegedly selling stolen goods, authorities announced Wednesday.
The LAPD’s Organized Retail Crime Task Force served a search warrant in the 400 block of West 7th Street in downtown Los Angeles on Tuesday, Jan. 9, according to the LAPD. Investigators were targeting a “fencing” operation in which items that had been stolen from stores were then sold to consumers
The operation recovered more than $23,000, a 9-millimeter Smith & Wesson firearm, and dozens of luxury goods from brands including Victoria’s Secret, Gucci, Fenty, and Versace. The value of the stolen property has been estimated at $300,000, but that amount could be much higher once the investigation is complete.
The gun found does have a serial number, according to the LAPD, but whether or not it was used in other crimes is unclear. The LAPD has also not confirmed if any of the stolen goods were taken forcefully.
An investigation into the fencing operation is ongoing. Authorities say they are working to identify all of the victims.
Anyone with information about fencing operations is encouraged to reach out to Lt. Michael McComas at 818-374-9420, or to email orc@lapd.online.