Stolen jewels recovered via money lending site

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Police discover £40,000 worth of jewellery for sale on borro.com.

Lothian and Border police in Scotland have recovered jewellery worth £40,000 after a number of recent break-ins across Edinburgh.

The jewellery was recovered on money lending website Borro.com, a virtual pawnbroker that allows users to “turn valuables into a short-term loan”.

The company offers short-term loans of £100 – £1,000,000 secured against valuables. Items that it suggests customers pawn include luxury watches, jewellery, fine art, antiques, classic cars and yachts.

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The jewellery was found online at Borro.com and was seized by police. The items are said to have been taken during a number of burglaries at houses across the city.

A 24-year-old was identified to police for their involvement and was due to appear Edinburgh Sheriff Court last week to face charges of theft and reset in connection with the incidents.

Detective Inspector George Thomson said: "Our inquiries into the use of the Borro.com site by criminals resulted in the recovery of a large quantity of high-value jewellery, which we will now return to their rightful owners.

"The Borro.com team were immensely helpful. I would like to thank them," he added.

The site says that it will lend against “most types of jewellery including rings, bracelets, necklaces and earrings containing gold, platinum, diamonds and other gemstones”.

It also lists a number of watch brands as welcome collateral for loans, including Rolex, Cartier, Breitling, Audemars Piguet and Tag Heuer. It will also lend against fashion watch brands such as Gucci, Armani and D&G.
 

 

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