Cash-for-Gold Busts

A handful of businesses in Rutherford County are in trouble for allegedly breaking state laws meant to ensure that gold sold for cash actually belongs to the people who sell it.

According to the Rutherford County Sheriff’s Department, four businesses purchased gold from undercover detectives without asking for identification. All of those plus one more then turned around and sold the gold items within two weeks. The state requires cash-for-gold operations to wait at least a month. They’re also supposed to report seller’s names and descriptions of the items they purchased to law enforcement each week, so that authorities can check against reports of stolen jewelry.