HAMMOND — Authorities arrested a Tangipahoa Parish gold buyer Tuesday, accused of failing to properly report purchases at his stores in Hammond and Amite.
John W. Davis, 62, owner of Gold Buyer LLC, was booked into the Tangipahoa Parish Jail on more than 30 counts related to improper record keeping of secondhand metal purchases, Sheriff’s Office spokeswoman Dawn Panepinto said in a news release.
Davis has since been released after posting a $41,000 bond.
State law requires purchasers of secondhand property, including metals such as gold, silver, copper and brass, to keep a detailed book of the purchases and to take photos of the items purchased.
State law also prevents cash purchases for copper or precious metals. Only checks are allowed for those kinds of buys.
Davis was failing to follow those laws, Panepinto said.
Agents from the Sheriff’s Office, Hammond Police Department and Louisiana State Police conducted compliance checks Tuesday at both Gold Buyer LLC locations, Panepinto said.
Hammond police booked Davis with 28 counts related improper records management and reporting, Panepinto said. Sheriff’s deputies booked Davis on three more counts related to negligent photographic record keeping.
Authorities also booked Davis on an outstanding warrant dated Feb. 13 for negligent records management and reporting and a warrant from October for felony possession of stolen property.