Updated Mar 1, 2013 - 5:35 pm
Phoenix man accused of fencing operation at store
CHANDLER, Ariz. -- A man has been arrested for allegedly selling stolen property at his mini-mart store in Phoenix.
Chandler police said Friday that 41-year-old Tarek Labadi was taken into custody after a three-month undercover operation.
He's being held on suspicion of multiple counts of buying and selling stolen property.
Officers were tipped off by Sam's Club and Walmart investigators who say they discovered the fencing operation while looking into thefts of their products from two stores in Chandler.
Police say search warrants were executed at Labadi's store and home in Phoenix.
They say nearly $50,000 in cash and property was seized along with five rifles and two handguns.
Some of the stolen items Labadi allegedly was selling at his store were televisions, computers, electronics, alcohol, cigarettes, personal hygiene products and music headphones.