HONOLULU (HawaiiNewsNow) - A Waikiki pawn shop owner is behind bars after police busted him in an undercover sting operation.
Luke Warner, 45, was arrested Thursday night after a two-year investigation.
Police say Warner is a convicted felon who accepted stolen property in exchange for cash or drugs.
After raiding his shop, officers found $40,000 in cash, crystal methamphetamine, and a semi-automatic handgun.
"A majority of stolen property on Oahu eventually ends up in these pawn shops and secondhand dealers," HPD Chief Louis Kealoha said. "Better regulation, enforcement, and a computerized pawn tracking system will result in an increase in the amount of stolen property recovered."
Kealoha says the department is pushing for legislation aimed at pawn shops and secondhand dealers.
Warner was booked on 12 counts of theft, firearm and drug violations. He has yet to be charged.