Police have discovered more than 12 high-end stolen bikes worth $20,000 in a warehouse run by a Coquitlam 'Bike Rescue' operation.

And investigators believe many of the more than 200 bikes in the locker of www.bikerescue.com are stolen, but because the owners didn't report the theft it is difficult to prove, police said.

A CTV News investigation revealed that Blackwell - who has fraud convictions in several provinces - was trying to sell stolen bikes that their owners were trying to recover.

This week, Mounties went to the locker after one bike owner told police he found his own stolen Kona bike for sale on Blackwell's website.

"Really, his business is selling stolen bicycles," Bill Gordon told CTV news.

On his website, Blackwell claims he is a good Samaritan buying bikes that have been "ripped" and then rescuing and returning them.

He says he checks the serial number with police and returns it to owners.

If the bike is unclaimed after 30 days, Blackwell says he sells the bikes to fund his program. He says he's returned over $50,000 worth of bikes, and only profited $1600.

But police say Blackwell doesn't work with them, and question his efforts to find the owners.

Blackwell, for his part, maintained to CTV News earlier this month that he is performing a service.

"You guys are going to undo all the good I do with Bike Rescue," he said.