Huge shoplifting ring uncovered
The shoplifting ring has been operating for at least 5 years and there are victims in at least 11 counties. The police say everyone reported to two middlemen and two ringleaders who sold the stolen beauty products out of warehouses and flea markets. They also made sales through eBay and through a website they set up to sell the stolen goods.
How do you know that the goods you're buying on eBay and other websites aren't stolen? Quite simply, you don't. I'm sure none of the buyers from these people had any idea that they were selling stolen goods. That's the risk we take when we buy on the internet.
Tracy L. Coenen, CPA, MBA, CFE performs fraud examinations and financial investigations for her companySequence Inc. Forensic Accounting, and is the author of Essentials of Corporate Fraud.