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Jakob Bank (nee Zimmelman)
This Hollywood pawn broker say `Business is booming'.
Beverly Loan is the pawnshop to the Who's Who of Hollywood. Their
customers hock Cartiers, Harley- Davidsons and Oscar
statuettes when they need cash. Jakob, who is a blood brother to most
of his customers, still sits in his third-floor office, protected by bulletproof glass.
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Jeannie Zimmelman
Mrs Zimmelman
is the second generation holocaust survivor, and her father
Scholmo Zimmelman started the pawn shop. Zimmelman says most pawns
are temporary, and if she does have to sell it, she discounts the
item 35%.
She says, 'A lot of the rich Jewish people come in weekly to
find a bargain'.
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Jewelers To The Stars
When Jack and Dorothy Goodright get a divorce, and Dorothy needs a
little cosmetic surgery, it's off to see Izzie for a little cash.
Her $30,000 necklace brings $5,000 and she is off to Mexico City
for a face lift.
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Another Beverly Hills Pawn Shop
South Beverly Jewelry and Loan, also in Beverly Hills, has seen
business triple in the past six months, said owner
Yossi Dina. Some of the collateral is in a parking lot: About 60
cars, including Ferraris, Porsches and a Bentley.
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The Owner Considers Himself A Celebrity
``We're making loans today we never used to,'' Dina, 54, said.
The smiling Dina shows a $2.7 million necklace.
Dina says his 4 percent a month, which adds up to an annual rate of
48 percent, or $1,440 on a $3,000 loan, is reasonable.
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$35,000 Watches Sell For $15,000
``I've never seen so many bankers, lawyers, doctors and actors''
with valuable things to pawn, he said. He pointed to an 18-carat white
gold bracelet with 69 diamonds ($2,900) and an 18-carat yellow gold
Rolex Yachtmaster II (``a steal'' at $18,500).
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No More Running From "John Law"
The days of being run out of Russia, Germany, and Europe are
over with.
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The Modern Zionist
The names get changed, the hair gets washed, and they are
even at the country clubs.
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A Rich History
This money lending has been in their blood for 2000 years. Standing
behind that cage watching some desperate soul trying to pawn an item.
These were no longer Krakow back alley pick pockets, and pimps, now
they were money lending kings.
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