Directors of Northern Ireland's Chain Reaction Cycles turned detective after discovering £100,000-worth of stolen bike parts were being sold on eBay. Brothers Brian and Alan Bowen have been jailed for their part in the scam – they sold the stolen goods via four eBay accounts.
Execs at Chain Reaction Cycles realised a great deal of stock was missing but they swung into action when they found that Carrickfergus-based eBay resellers had the same stock. The execs bought some of the suspiciously similar stock and when they found that the SKU codes matched with the missing goods they informed the police. Alan Bowen's fingerprints were found on the bubble wrap of one of the packages, reports the Belfast Telegraph.
Detectives discovered that £88,645 had been deposited via PayPal into the Halifax bank account of Brian Bowen's mother Valerie.
Brian was jailed for six months after he admitted selling more than £88,000 worth of bike parts online over a six-month period from October 2012. His younger brother Alan was given an eight-month prison sentence, suspended for two years, for selling almost £14,000 of the stolen goods over a four-month period up to August 2013.
Defence counsel had argued that the brothers had unwittingly bought the stolen goods at a car-boot sale but, passing sentence, Judge McFarland told the brothers: "I am satisfied there is sufficient proximity between you and the sale of these stolen goods.
"I just don't accept that these items were randomly purchased at a car boot sale. I don't know the exact relationship between you and the person who stole the items but it is clear it was a mutually beneficial relationship."
c r c directors turn detective after £100k of company goods sold on eBay
- Ross
- Posts: 5742
- Joined: Sat Nov 07, 2009 8:53 pm
c r c directors turn detective after £100k of company goods sold on eBay
Postby Ross » Sun Dec 03, 2017 7:20 am
http://www.bikebiz.com/news/read/c r c-di ... bay/022327
- Cheesewheel
- Posts: 1209
- Joined: Wed Nov 16, 2011 9:22 pm
Re: c r c directors turn detective after £100k of company goods sold on eBay
Postby Cheesewheel » Sun Dec 03, 2017 12:10 pm
A near miss in jail and a 6 month stint for a £100k theft .... usually you would have to be involved in politics or the finance industry to collect such a mild ratio of criminal justice repercussions to potential bottom line rewards.
Kind of curious how one could fit £100k of bike parts into the boot of a car.
Kind of curious how one could fit £100k of bike parts into the boot of a car.
Go!Run!GAH!
-
- Posts: 2631
- Joined: Tue Oct 20, 2009 10:36 pm
Re: c r c directors turn detective after £100k of company goods sold on eBay
Postby eeksll » Mon Dec 04, 2017 10:36 pm
a couple of rapha jackets would do itCheesewheel wrote:A near miss in jail and a 6 month stint for a £100k theft .... usually you would have to be involved in politics or the finance industry to collect such a mild ratio of criminal justice repercussions to potential bottom line rewards.
Kind of curious how one could fit £100k of bike parts into the boot of a car.
Jump to
- General Australian Cycling Topics
- Info / announcements
- Buying a bike / parts
- General Cycling Discussion
- The Bike Shed
- Cycling Health
- Cycling Safety and Advocacy
- Women's Cycling
- Bike & Gear Reviews
- Cycling Trade
- Stolen Bikes
- Bicycle FAQs
- The Market Place
- Member to Member Bike and Gear Sales
- Want to Buy, Group Buy, Swap
- My Bikes or Gear Elsewhere
- Serious Biking
- Audax / Randonneuring
- Retro biking
- Commuting
- MTB
- Recumbents
- Fixed Gear/ Single Speed
- Track
- Electric Bicycles
- Cyclocross and Gravel Grinding
- Dragsters / Lowriders / Cruisers
- Children's Bikes
- Cargo Bikes and Utility Cycling
- Road Racing
- Road Biking
- Training
- Time Trial
- Triathlon
- International and National Tours and Events
- Cycle Touring
- Touring Australia
- Touring Overseas
- Touring Bikes and Equipment
- Australia
- Western Australia
- New South Wales
- Queensland
- South Australia
- Victoria
- ACT
- Tasmania
- Northern Territory
- Country & Regional
Who is online
Users browsing this forum: No registered users
- All times are UTC+11:00
- Top
- Delete cookies
About the Australian Cycling Forums
The Australian Cycling Forums is a welcoming community where you can ask questions and talk about the type of bikes and cycling topics you like.
Bicycles Network Australia
Forum Information
Connect with BNA
Brought to you by Bicycles Network Australia | © 1999 - 2024 | Powered by phpBB ®
This website uses affiliate links to retail platforms including ebay, amazon, proviz and ribble.
This website uses affiliate links to retail platforms including ebay, amazon, proviz and ribble.