theft news and archive

Police arrest Valentino store robbery suspect in Paris

Paris police on Tuesday fished a man out of the Seine river, which he jumped into after he rammed a car into a Valentino store and robbed dozens of luxury handbags. The 24-year-old suspect smashed into the store around 2:00 am on the high-end Rue Saint-Honore, a police source said. He grabbed as many as 30 luxury handbags and other items before...

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Organized theft costs US retailers 700.000 dollars per each billion dollars in sales

Major retailers across the U.S. are facing a surge in organized shoplifting, with about 80 people participating in the organized ransack of a Nordstrom store in California and more than a dozen people swiping merchandise from a Louis Vuitton store in Chicago, where Neiman Marcus saw one of its store also looted. On Thanksgiving day another...