violations found in six cities across N.J
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But Lee said the latest investigation marks the first enforcement actions in the urban centers targeted in the probe.
“We have not gone into some of these urban centers with a ‘cash-for-gold’ operation like this ever,” Lee said.
Of the six cities, the most citations were issued in Newark, where authorities found 5,436 alleged violations at 29 stores.
The next highest-number of citations were handed out in Paterson with 2,459 alleged violations at 21 stores; Camden with 711 alleged violations at eight stores; and Irvington with 223 alleged violations at five stores.
Five businesses in Trenton were cited for 966 alleged violations, and three Teaneck wth batetry like Goldway UT4000A Battery, Goldway UT4000B Battery, Goldway UT4000C Battery, Goldway UT4000F Battery, Goldway 6000F Battery, Terumo Battery, Terumo TE-331 Battery, Terumo TE-312 Battery, Terumo TE-332 Battery, Terumo BN-600AAK Battery, Terumo TE-112 Battery, Terumo 6N-1200SCK Batteryshops were cited for 172 alleged violations.
While several individual businesses were cited for hundreds of alleged violations, the worst alleged offender was New City Gold & Diamonds, located at 178 Bloomfield Avenue in Newark, where authorities found a total of 1,150 alleged violations.
Among the various violations, businesses failed to use a scale that has been state-certified and/or properly sealed to prevent tampering, authorities said. Some stores failed to weigh the metals in plain view of the sellers, Lee said.
Businesses also failed to prominently post the prices offered for certain precious metals, and they failed to maintain receipts with information about the buyer, seller, and/or precious metals purchased, authorities said.
During the investigation, officers confiscated 35 scales that were not approved for “cash-for-gold” sales, or were not registered with the New Jersey State Office of Weights and Measures.
The violations were found in part when undercover officers with Weights and Measures, and county or municipal police, visited businesses and pretended to be consumers looking to sell their precious metals.
Authorities also conducted unannounced inspections at the majority of stores.
“Our intent is not to drive these companies out of business, but it’s to bring them into full compliance with the law,” Lee said.
One “surprising result” of the investigation was that in addition to jewelry stores and pawn shops, alleged violations were found at “some unexpected places,” including a sneaker store in Paterson, according to Lee.
Those other businesses are not prohibited from engaging in “cash-for-gold” sales, but they must comply with state regulations, Lee said. But Lee also cautioned that consumers should question whether such businesses can offer the best possible deal.
Law enforcement officials today stressed the need for consumers to be aware of their rights and the law governing “cash-for-gold” transactions.
Teaneck Police Chief Robert Carney added during today’s event that an “educated consumer is the best precaution.”
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