Organized retail theft ring that targeted Macy's, other retailers is charged in New York

Original Article:

Source: Link

The Macy's logo is seen at its store in Herald Square in New York City on Jan. 19, 2024. "Through our investigation, we found that Rehana's Cosmetics was well-known to shoplifters, who would willingly bring them stolen items," Bragg said. "We allege that created a motive for shoplifters to steal, and thus that the defendants, we allege, were drivers of crime." Two New Yorkers were charged with possessing more than $1 million in stolen goods and reselling them through their business, Rehana's Cosmetics, a perfume and cosmetics store in Midtown Manhattan, the borough's district attorney Alvin Bragg said at a press conference. A New York beauty store just blocks away from the Empire State Building resold more than $1 million worth of goods that' had been stolen from Macy's and a slew of other retailers, authorities said Wednesday. Manhattan District Attorney Alvin Bragg announced an indictment relating to more than $1 million in stolen goods as part of a retail theft fencing operation. Rehana's Cosmetics, Bragg alleged, claimed to be a "beauty and perfume store," but was instead found to have hundreds of boxes filled with products not typically found at such stores, including designer purses, over-the-counter medications, kitchenware and more. He said the defendants obtained the stolen items from shoplifters for the purpose of reselling. "The root cause we allege here is greed," Bragg said. "They were doing this to make money. This is the motive that is old as time." The charges come as retailers such as Target and Ulta increasingly cite theft as a growing problem at their stores. In March, a monthslong CNBC investigation showed how police broke up an organized retail crime ring that stole millions in cosmetics from Ulta stores and resold them on Amazon . While Bragg was unable to give a specific number when asked how many stores are believed to be engaging in similar operations, he noted that there have been "far too many assaults" on employees at stores that have experienced theft. "By using a multi-pronged prosecution strategy, we can make a lasting dent in retail theft that will keep our store employees safe, cut off the incentives to steal and resell stolen goods and allow our retail sector to thrive," he said. In a statement to CNBC, a Macy's spokesperson said, "We appreciate the work of law enforcement and the Manhattan District Attorney's Office and defer any comments about the case to them." A spokesperson for CVS said the drugstore is "grateful" for the work of the Manhattan District Attorney's office.