Stolen bike recovered after two failed attempts to sell the bike to Cash Converters.

November 21, 2020 By Brad Kellas 3049 Recovered Stolen Bike, Bike Protection

 

Putting an end to the profit-driven bike theft epidemic and recovering stolen bikes can be easy if you have the right tools!

James’s near new Specialized Tarmac was stolen from his apartment garage bike cage in Woolloongabba, Qld on 18 October 2020.   Devastated to find his bike taken from what he believed was a secure bike cage, he reported his theft to his local police and then shared his bike on social media, where he was referred to BikeVAULT - part of the PropertyVAULT suite of asset registers to combat theft.

Buoyed by prior recovery stories and the message we tell all victims not to give up, James’s reported his bike stolen.  As with all stolen reports on PropertyVAULT, they are reviewed and approved by one of our experienced former police admins, who are experts in bike identification and assisting victims and police in finding and recovering stolen bikes.  Once approved, James received our email with our proven tips and tools to aid in recovering stolen bikes, which includes a national list of secondhand dealers and pawn shops.

Following our recovery blueprint – James emailed all the secondhand dealers in Queensland and visited the shops nearby.  Rewarded by his efforts, within a day of the theft a female tried to sell James’s bike to the Cash Converter store in Runaway bay.  Runaway was fitting – as the staff quickly identified the bike to be James’s bike reported stolen on BikeVAULT.  Realising there was no quick earn to be had the female left the store with the bike and the staff at Cash Converters Runaway Bay contacted James and the police.

Clearly desperate and somewhat not so smart, the female then went to the Cash Converters store in Ashmore, where she tried to offload the bike.  The jig was up this time, as the staff at Ashmore who have helped to recover stolen bikes prior, were ready and called the police as she entered the store with James’s bike.  Whilst waiting for the police to arrive, the female who had become suspicious decamped the store, leaving behind James’s bike.  

We understand the police now have a solid lead on the female who is suspected to have either been in involved in the theft or a 'knowing handler' (black market trader), hoping to profit from selling the stolen bike.

From James…..

Big thanks to Cash Converters for not buying the bike and helping to recover it and thanks to BikeVAULT for the free service and the tools and the list that led to my bike being recovered.

Have you ever wondered why there are so many bikes stolen?

There are upwards of 25,000 bikes stolen each year in Australia with less than 10% recovered. 

Bike theft is largely driven by how easily thieves and black market traders can profit from on-selling stolen bikes as a whole or as separated parts to unsuspecting purchasers. Thieves and knowing handlers (black market traders) have virtually no fear of the stolen bike being identified and so know that the likelihood of their criminal activity being detected and the prospect of prosecution by police is extremely low.

By making bikes highly identifiable and searchable when stolen makes them too hot to handle – bike identification is the key and BikeVAULT in partnership with DataDot Technology have the solution.  

Thief holding a stolen bike marked with iD

Protect your bike ID and ownership with FREE registration on BikeVAULT!  

Much more than just a simple database to register your bike details, BikeVAULT (part of the PropertyVAULT suite of advanced asset registers) provides a holistic solution to digital bike identification protection to combat theft.  Register your bike for FREE on the BikeVAULT platform and benefit from:

  • Full lifecycle bike identification, ownership, and provenance tracking with blockchain encryption.
  • When selling your registered bike, utilise BikeVAULT’s  - Registered Bike Sale platform and potentially achieve a higher resale value.  Like a VIN check for a car, the sale platform enables a buyer to conduct a provenance check, with the added benefit of linking to online selling platforms, helping your bike stand out in a crowded second-hand market.
  • When you sell your bike, the registration and logbook can be transferred to the new owner, providing peace of mind to the purchaser and ensuring the bike’s provenance remains intact.

In the unfortunate event, your bike is stolen, BikeVAULT comes to the fore, providing:

  • A tailored public and police accessible stolen report designed to maximise the odds of recovery.
  • Proven to work - tips, tools, and resources, to aid recovery.
  • An advanced search engine to ensure your bike can be easily found.
  • Social media connectivity and support from BikeVAULT’s online community, who help to find, and report stolen bikes when advertised for sale online, or at second-hand dealers.
  • Online theft recovery support from BikeVAULT’s police trained admins, who are experts in bike identification and aiding recovery.

Advanced bike ID to combat cunning thieves 

The manufacturer's bike identification frame number, whilst adequate for warranty purposes is not designed to defeat thieves and with many bikes being only a label is susceptible to manipulation. 

BikeVAULT has teamed up with DataDot Technology the world leaders in anti-theft asset identification solutions to create the VAULT range of advanced identification kits and quality tough bike locks that come with a complimentary bike identification kit.  The premium BIKE ID KIT+ (RRP $34.95) includes DataDotDNA micro identification providing OVERT, COVERT, STEALTH, and INVISIBLE identification to the whole bike.

To learn about the VAULT range of locks and identification kits, visit our online store where you can purchase them online, or from one of our growing number of bike shop dealers all over Australia.  Find your nearest VAULT Dealer here.

VAULT - Bike locks and ID kit advert

Start protecting your bike and all your assets vulnerable to theft today

Sign up for your free PropertyVAULT account today and click the ‘ADD TO VAULT’ button to begin registering and protecting all your assets (including pets) vulnerable to theft! 

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