In relation to stolen goods and organized crime, however, fence first popped up in thieves' slang around 1700, with the understanding that such dealings take place "under defense of secrecy" [source: Online Etymology Dictionary]. "eFencing and eBay." Kenneth said a “legitimate” midtown jeweler gave him watches and rings to sell on a commission basis, but he insisted he did not know how they had been acquired. Copyright © 2020 LoveToKnow. No one knows the total number of full or part‐time fences at work in the city. One veteran Harlem detective observed: “There's too much [stolen] stuff around these days; some guys only accept big color TV's.”. ¶ In general, fences have become choosier about the wares they buy, and many pay lower prices to thieves than in the past. He said his loot had been largely furs and jewelry. Find another word for fence. Blockchain Technology Ready to Disrupt the World, Information about the device's operating system, Information about other identifiers assigned to the device, The IP address from which the device accesses a client's website or mobile application, Information about the user's activity on that device, including web pages and mobile apps visited or used, Information about the geographic location of the device when it accesses a website or mobile application. If you walk through the historic westside neighborhood in Chehalis, something stands out among the preserved 19th century homes: a bright, rainbow fence. A place where stolen goods are received and sold. March 23, 2006. Jan. 1, 2008. (Sept. 5, 2008) http://original.britannica.com/eb/article-9053257/Moll-Cutpurse, National Retail Federation. All Rights Reserved. TimesMachine is an exclusive benefit for home delivery and digital subscribers. "Annals of retail: stop, thief!" This is a digitized version of an article from The Times’s print archive, before the start of online publication in 1996. An example of to fence is how the character Inigo Montoya from the movie The Princess Bride fought his battles. Colapinto, John. “You find some Harvard types among them,” one police officer remarked. Some detectives; say there are no more than one or two big‐time fences left in Harlem. A fence is defined as a barrier used for protection or to create a boundary. Why is eBay banning the sale of online-game virtual assets? The purchase and sale of loot taken from airports has been a growing criminal activity in recent years. The police say the rise stems partly from the general increase in criminal activity in the city and partly from increased efforts by the police, particularly against hijackers. Weird & Wacky, Copyright © 2020 HowStuffWorks, a division of InfoSpace Holdings, LLC, a System1 Company. To surround or enclose with a fence or other barrier. The definition of a fence is a dealer of stolen goods. ¶ In Harlem there has been a decline in the pawn brokerage business, where much stolen property used to crop up. Now that organized retail crime groups are using the Internet as tool for eFencing, they're finding they can make more money easier on auction sites like eBay than at pawn shops like this one in Los Angeles, Calif. Retail companies like Wal-Mart have struggled with employee theft in the past and have entire loss prevention departments to counter crime. "Moll Cutpurse." The original meaning is "the act of defending", from Middle French. Are organized retail crime groups grabbing profits from companies? 2008. Jan. 24, 2007. All told, 12,055 persons were arrested by the police in the city last year on charges of criminal possession of stolen property. To separate or keep out by means of a fence or other barrier. But a pedestrian who bought one of Kenneth's watches for $20 found it was not gold, not electric, not automatic, not worth even $20—and perhaps not stolen. To buy stolen goods for resale, or receive them on consignment. "Organized retail crime in U.S. rises 6%, fueled in part by Internet." Fenced off one field from another; fenced out the deer from the garden. (intransitive, sports) To engage in (the sport) fencing. Cudak, who has been convicted of mail theft, told the Senate Subcommittee on Investigations that fences had been paying thieves 15 per cent of the face value of stolen securities.