Authorities announced the bust of a massive retail theft ring in New York City, charging 41 people with stealing luxury goods from stores like Bloomingdale’s and Macy’s, before reselling the merchandise on eBay.
Highlights
- Officials say 41 people stole around $3.5M in goods from stores like Bloomingdale’s, Duane Reade, and Sephora.
- The items would then be resold on the auction website eBay.
- Police say they are looking into other possible shoplifting schemes in New York City.
- The alleged ringleader would then allegedly purchase the stolen goods at a fraction of the price, usually 6-8% of their retail value, at a rate of $1 - $2 per item depending upon the brand.
- Police seized more than $300,000 in cash from the ringleader, including more than 550 stolen gift cards and more than 5,000 stolen goods.