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Electrical-goods thieves enjoy no-deposit, no-interest, no-repayment terms

21 July 2009 | Jebediah Cole

A group of thieves entered a Sydney warehouse three times in two days to steal over $1 million worth of electrical goods, including flat screen TVs and digital cameras.

Read more background from Australian Associated Press.


Lawyers for the men will argue that the group was merely participating in a massive two-day warehouse clearance.

Although the thieves did not pay anything for the goods, Bing Lee sales assistants insisted that the they would have had the opportunity to get a better price if they had negotiated in store.

Early reports indicate that the thieves declined to purchase monster cables, extended warranty or surge protectors for the equipment, a decision derided by industry insiders as “reckless” and “low-margin”.

The theft shows that despite the recession, and the slump it has caused in electronics sales, some consumers are still ready to do a deal if offered no-deposit, no-interest, no-repayment terms.

Members of the public who are offered large quantites of electrical goods at unbelievable prices are urged to contact police, who will beat any genuine offer.

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