COLORADO SPRINGS — Colorado Springs Police is the lead agency in the investigation of Top Dollar Pawn in Colorado Springs and Pueblo for an alleged criminal ring involving the sale of stolen goods.
Police say the investigation involves the sale of large quantities of stolen property as four defendants are facing 29 federal charges. However, investigators say there could be more people involved.
According to the 4th Judicial District, the former employees told investigators the owners of the chain knew they were selling stolen items and were taking steps in money laundering to keep the operation going.
All of the raids involve the same chain, Top Dollar Pawn. The raids began at 9:30 on Wednesday morning, and law enforcement are expected to be there for another two or three days investigating and carrying out search warrants.
So far, investigators have not released any information on any arrests. However News5 uncovered that Jack (57 years old) and Mischa Jargowsky (61 years old) were booked into the Pueblo County Jail around 12:30 in the afternoon on Wednesday. They were both charged as fugitives of justice, and their bonds are set for $50,000 each.
According to the Colorado Secretary of State website, Jack Jargowsky, is the owner of Top Dollar Pawn LLC.
The 4th Judicial District Attorney’s Office declined to comment on the investigation because it is active and on-going. A spokesperson said they’ll release more information when it’s available.
The DA’s Office also mentioned they’ve been getting phone calls from people who have pawned items at the stores. An officer on scene said there are no employees at any of the locations, and it’s recommended for people to call the shop when the investigation is over if they have questions about items. The DA’s Office said they are not seizing lawfully pawned personal items.
The Top Dollar Pawn shops are located at 6385 N. Academy Blvd. and 275 S. Academy Blvd. in Colorado Springs and at 902 US-50 West and 1301 W. 4th St. in Pueblo. The largest pawn shop that was raided was the S. Academy location.
According to CSPD, the investigation also involves the Federal Bureau of Investigation, the US Marshals Service, and the Pueblo Police Department.
CSPD also says there is no threat to the public, and they’re asking the public to avoid the areas as they continue their investigation over the next few days.
News5 will bring you more information as soon as it is available.
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