pawnshop

“Without having a rigorous, effective enforcement, nothing’s going to happen,” said Tony DeMarco, a pawnshop owner and president of the Whittier Boulevard Merchants Assn., which opposed the ordinance.

“I can’t believe someone would take it and I hope local pawnshops don’t buy them.”

Asset-secured cards are a better gateway to credit and low interest rates than options from a pawnshop or car title loan, which also require collateral.

He sold them to booksellers, pawnshops and collectors.

Mr Lu is accused of recruiting hard-up soldiers into the network by focusing on pawnshops, money lenders and loan-shark operations near army bases.