LOUISVILLE, Ky. (WDRB) -- Police say a husband and wife sold more than $100,000 in stolen gift cards to three pawn shops. 

LMPD officials tell us there's a ring of people linked to the scheme that involved stealing merchandise from local retailers.

Derek and Esperanza Sines were arraigned Monday morning on charges of theft and engaging in organized crime. 

From November of  2013 up until last month, police say the pair stole merchandise from local businesses like Walmart, Target, and Meijer, then returned the merchandise for gift cards. They then sold those gift cards to pawn shops for less than their face value in exchange for cash.

The stolen gift cards were sold at three locations: Easy Cash at 1261 South Preston, Easy Cash at 4843 Dixie Highway and J&M Pawn at 7950 Dixie Highway.

Jeff Davis is the owner of S.E. Davis Pawn shop on South 1st Street, in Louisville.  Davis says scams like this give the pawn business a bad name.  "There are lots of scams going on, lots of gift cards are stolen," he said.  "That's why we've never really messed with them.

Together, police say the Sines sold more than 660 gift cards.

Police say the pair didn't act alone. They believe at least seven other people are in on the scheme.

LMPD officials say the investigation is still ongoing. No word yet on whether or not any other arrests have been made yet in the case.

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