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By all accounts most of them are shipped abroad in a pretty organised manner (it seems it's easier to avoid the device lock if it's overseas). Obviously it's not the thieves on the mopeds who are doing this, they just know who to sell the phones to in bulk. With the volumes of phones being stolen they weren't just all being flogged off down the pub/gumtree.
You make that sound like a bad idea- wierd. I suspect that when they steal a phone they use it to call their supplier in Columbia then contact the hawalah to hand over the money for the gear. After that they use it to arrange meeting the mothership of south west Ireland and decant their drugs onto a RHIB before coming back to Stockwell- either that or they just flog it