Okla. Authorities Charge 29 in Organized Retail Theft Ring
Federal and state prosecutors in Oklahoma charged 29 people with taking part in a large-scale organized retail theft ring staged out of the Tulsa area and operating in six states, that netted the defendants $4.5 million in profits from the…
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sale of stolen merchandise and caused more than $10 million in estimated losses to Costco, Sam’s Club, Walmart and other retailers, said DOJ Thursday. Police arrested 24 defendants for allegedly stealing goods from retailers in Arkansas, Colorado, Kansas, Missouri and Texas, plus Oklahoma. Five defendants remain at large. Best Buy CEO Corie Barry cited product theft on a Nov. 23 earnings call as a rising retail industry concern, “particularly organized retail crime” (see 2111230051), though Best Buy wasn't among retailers named by DOJ as being victimized in the Tulsa theft ring.