Report: #667903

Complaint Review: Property Room

Submitted: Fri, December 03, 2010
Updated: Wed, September 05, 2012

Reported By: Bike and Roll — New York New York United States of America

Property Room

Internet United States of America

Phone:
Web: www.propertyroom.com
Category: Auctions

Property Room Selling stolen property, Internet

*Consumer Comment: Do your homework

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We found this company selling property stolen from our company, specifically a bicycle. They claim to sell goods held in "property rooms of municipalities...and more." They refuse to disclose the source of the property. This bicycle was clealy marked with our brand, logo, and inventory sticker. From whatever dubious source they acquired the property, they did not perform due diligence in returning it.

When we approached them, they did pull the auction and set the bike aside for us to pick up. Regardless, this auction site is mysterious, and inappropriate. If they are indeed getting property from NYPD, this program creates incentive for NYPD to sieze property illegally and sell it for profit. It is an abuse of public trust and encourages corruption.

Chances are this bicycle was illegally removed from a bicycle rack in the city, and an unfortunate customer was billed $500 for a stolen bicycle.

This report was posted on Ripoff Report on 12/03/2010 01:15 PM and is a permanent record located here: http://www.ripoffreport.com/r/Property-Room/internet/Property-Room-Selling-stolen-property-Internet-667903. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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#1 Consumer Comment

Do your homework

AUTHOR: Emme - (United States of America)

SUBMITTED: Wednesday, September 05, 2012

By law proceeds have to go back to commuinities for Police Autions (ALL, not just Property Room) to prevent exactly what you are talking about. Property Room is very upfront about how they have assisted in sending 41 million back to communities in the US. THey are just a service.with Police as their clients. They pick up the stuff, sell it and send a check back to your municipality for parks, roads, etc... It is not up to them to find the rightful owners (it is up to police) but when a rightful owner contacts them they return the item. The benefit as well is now items have national exposure to be found. You might want to do a little more homework on their site before you spread mis information. Sounds to me like they did the right thing by you.