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SARASOTA COUNTY – Caught up in an organized crime ring, a Sarasota pawn shop owner has surrendered his license.

Jim Smith, owner of Jim’s Pawn, 6526 S. Tamiami Trail, surrendered his business license Thursday, according to the Sarasota County Sheriff’s Office. His shop, which opened in 1996, was closed in May. It marks the first time the state agency overseeing pawn shops has closed down a business.

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