A recent study released by the National Retail Federation reports that the number of businesses victimized in the past 12 months is up from 79% in 2007 to 85% so far in 2008. More and more businesses are seeing their stolen merchandise popping up for sale in other locations (the internet clearly being one of the most prevalent places).
E-fencing is quickly becoming the primary modus operandi for thieves as they can resell the stolen merchandise anonymously without raising any eyebrows. One of the most important findings is how much "new in box" items are worth to the criminals. These... Read more
Tags: E-Commerce and E-Business, e-fencing, news, organize retial crime, Rebecca Button, retail theft, stolen merchandise, survey
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Published March 11th, 2008
Previous to the internet, pawn shops were the place that local thieves would go to hawk their recently-stolen goods. But things have changed; now these thieves are selling their goods on sites like eBay, Amazon and Overstock. But the stolen goods market doesn’t stop there; products are being sold in bulk from unsavory wholesalers and distributors. Unlike in decades past when common thieves stole products by the box, this new breed of thieves is much savvier. Many are involved in crime rings that stretch across state and international borders, stealing products by the cargo container, rather than settling for a... Read more
Tags: Carrie Hinkel, E-Commerce and E-Business, e-fencing, retail theft, source, stolen merchandise
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