First time accepted submitter WebAgeCaveman (3615807) writes in with news about just how big the stolen smartphone black market is. "A black market of shops and traders willing to deal in stolen smartphones has been exposed by a BBC London undercover investigation. Intelligence was received that some shops across a swathe of east London were happy to buy phones from thieves. Two traders were filmed buying Samsung S3 and iPhone 4 devices from a researcher posing as a thief - despite him making it clear they were stolen. The shops involved have declined to comment."