Organized Crime: Fencing Rackets (9/28/24)

Fencing rackets are organized systems that facilitate the sale of stolen goods, acting as the critical link between thieves and buyers. Fences buy stolen items at a fraction of their retail value, clean them by erasing any trace of their criminal origins, and resell them through legitimate or underground markets. These operations range from small-scale pawnshops to sophisticated international networks handling high-value goods like luxury cars, art, and electronics. The rise of e-commerce and cryptocurrencies has made fencing more difficult to track, allowing fences to operate anonymously online. Despite law enforcement efforts to dismantle these networks, fencing continues to thrive, evolving alongside advancements in technology.



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