A Mineola man looking to replace a stolen GPS device happened to find his pinched gadget on a popular online marketplace, triggering an investigation that led to an arrest and the recovery of instruments swiped from across Long Island and New York’s five boroughs, Nassau police said yesterday.

The $50,000 in electronics were recovered from the business and the Great Neck home of Danial Rangkar, 25, of 2 Walnut Pl. He was arrested Sunday on charges of third-degree criminal possession of stolen property and first-degree scheming to defraud. Rangkar, who owns a second-hand business in Jamaica, Queens, pleaded not guilty yesterday and was ordered held on bail of $50,000 bond or $25,000 cash. His relatives and attorney couldn’t be reached yesterday to comment.

Police said Rangkar knowingly purchased the stolen property for resale, making at least 90 unlawful transactions.

Rangkar runs a second-hand store in Queens, New York and a police raid revealed up to $50,000 of stolen electronics, including laptops stamped with ‘Property of St. John’s University’, digital cameras and iPods.

The man traded on eBay under the name ‘nydannysjewlery’ and was rated a ‘power seller’ because of the volume of sales he made. In line with its security policy eBay has now pulled the site.

Rangkar pleaded not guilty to charges of criminal possession of stolen property and scheming to defraud, and was ordered to pay bail of $50,000 and had to surrender his passport.

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Posted: 01|10|07 at 9:39 am. Filed under: Auction News.