Buck Stops Here: Michigan Police Uncover Massive Shoplifting Ring
Posted Tuesday April 15, 2014 10:00 AM GMT
Companies spend millions of dollars on loss prevention each year, and now CVS, Walgreens and Victoria’s Secret know what happened to much of their stolen merchandise.
According to the Detroit Free Press, the Oakland County Sheriff’s Department busted a shoplifting organization that operated out of a “clean and tidy and well-run” 7,600-square-foot warehouse, responsible for up to $15,000 a day of ill-gotten products.
The report also noted that the cops found "$75,000 in cash, about $30,000 in merchandise from CVS and Walgreens, $10,000 in items stolen from other stores and more than $3 million in perfumes, lotions and creams stolen from Victoria's Secret in Las Vegas."
And while the crimes are serious, Sheriff Michael Bouchard joked, "I guess what happens in Vegas doesn't stay in Vegas because now it's in Hazel Park."
He also explained, “They bought this warehouse about nine months ago for $200,000 in cash. They were generating enough cash that they could plunk down $200,000 in cash to buy a facility to expand their operations.”