A federal grand jury has indicted a California man on conspiracy and related charges stemming from an alleged scheme to steal high-end performance bicycles from Bay Area residents and transport them to Mexico for resale.
According to the indictment, Victoriano Romero, 53, from San Jose, participated in a complex international fencing operation that involved stealing bicycles from homes in San Francisco and Redwood City, Calif., during nighttime burglaries, and then transporting the stolen bicycles to Jalisco, Mexico, for resale.
The indictment alleges Romero owns an automotive shop in San Jose where he received the stolen bicycles, took pictures of them, disassembled them, packaged them for delivery, and then had them transported to a co-conspirator in Mexico.
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Romero allegedly sent the pictures to his co-conspirator who used the pictures for online advertisements to sell the bicycles. Further, the indictment alleges Romero received a share of the profits from the international bicycle fencing scheme.