PHILADELPHIA, PA — A Philadelphia pawnbroker pleaded guilty Monday to federal charges tied to a yearslong scheme involving the purchase and resale of millions of dollars in stolen merchandise taken from major retail chains across the region.
Larry Leonard, 62, pleaded guilty before U.S. District Judge John M. Younge to conspiracy to transport and sell stolen goods in interstate commerce, interstate transportation of stolen property, and three counts of money laundering, according to the U.S. Attorney’s Office for the Eastern District of Pennsylvania.
Federal prosecutors alleged Leonard operated the scheme from 2019 through 2023 through pawn shops he controlled in Philadelphia and Wilmington, Delaware, including Society Hill Loan, K&A Money Loan Pawnbrokers, and Lou’s Jewelry and Pawnshop…