Salvex is proud to offer a new Theft Recovery service to our customers. We can do this successfully because our organization has emerged as a global leader in the Asset Recovery and Salvage industries through the sale of secondary assets. We have developed an unprecedented, sophisticated database of secondary buyers in all industries globally. If a commercial product is stolen and the perpetrators are forced to sell the stolen products on the open secondary market to create liquidity for themselves, the thieves become vulnerable and exposed. Many of the commercial thefts are inside jobs, and locating such a disgruntled employee is critical in thwarting future thefts. The idea is simple; give us the information about what, where and when the commercial products were stolen, and we will create a custom public awareness program around the specific industry in which the product must be sold by contacting a large number of secondary buyers in those respective industries. By creating awareness that specific products are stolen, we create an army of allies to help us locate the commercial stolen items. Unlike vehicles and other consumer assets, commercial products are rarely consumed by the thieves themselves; they must sell them to achieve monetary gain for their efforts. This is why our Theft Recovery model works.
The benefit for our Theft Recovery service is not only to the victims of the crime, but also the secondary buyers who unwillingly purchase stolen goods. If a company or individual purchases stolen goods and later becomes aware of their oversight, they may fall subject to great financial losses returning the goods and dealing with an investigation. Buyers are appreciative of a service that helps them avoid such misfortunes, simply by being more aware of these acts of theft and helping to rid their market place of such scoundrels.
What does it cost? Assets that have been stolen create a heavy financial loss for the owners of the goods or the insurance company that carries theft insurance for the insured. Most recoveries are encouraged through a reward process that is offered by the victims to recover their goods and catch the perpetrators. Our organization publicizes the reward, organizes recovery allies and shares (in part or whole) in the reward once the product is recovered. We have a 100% performance model by charging nothing to publicize the stolen items and only gaining compensation if the recovery is successful. The reward model also creates a higher awareness to the buyers, in hopes of receiving a reward by simply watching their marketplace more carefully with the offers they see everyday.
Three containers of Columbian coffee with a value of $120,000 were stolen from the Port of Houston and after one month the FBI and police had no leads. The insurance company notified us of the theft giving us the bag numbers, origin of the coffee, where and when the product was stolen and type of coffee. We created a Theft Recovery listing explaining the details of the theft and pushed it out to all of our secondary coffee buyers. Within 24 hours we received a phone call from a roaster in Oklahoma who reported a small trucking company up the road was trying to sell him a few bags of this coffee out of the back of his pick up truck. We called the FBI and they nabbed the perpetrators immediately, giving the insurance company an unexpected recovery. Since the original insured had already bought new coffee, the insurance company requested that our company conduct a salvage sale on the recovered coffee, giving them an exceptional return on their loss that was all but written off.
A small company was storing expensive tape drives to be shipped out of their warehouse at the end of the week. When the customer received the tape drives they ordered, they realized the goods had been carefully removed from inside the boxes, replaced with weighted trash and resealed. The customer who received the goods reported the shippers to the police, putting everyone in a difficult situation. The total loss was $45,000 putting the shipper in dire financial straights when forced to refund the payment. We conducted an investigation and asked the shipper to send us their customer list of who has historically bought these drives from them. We created a Theft Recovery listing and pushed a flier to all possible buyers of such drives from the customers list, as well as researched secondary buyers of electronic tape drives. Within 48 hours we were contacted by the buyer of the goods who purchased the goods unaware that they had been stolen. When they reported who had sold them the goods, it turned out to be a greedy, disgruntled employee. The employee was prosecuted and had to pay back the original lost funds to their employer as well as serve jail time for their unlawful acts. Needless to say the company no longer had theft problems in the future.