Stolen Goods Sold on Amazon, eBay and Facebook Are Causing Havoc for Major Retailers

Over the past year, large-scale robberies have swept through stores like Louis Vuitton in San Francisco's Union Square and a nearby Nordstrom, which was robbed by 80 people. Law enforcement and retailers have warned the public that this isn't traditional shoplifting. Rather, what they're seeing is theft organized by criminal networks. And there's a reason it's on the rise. From a report: "What fuels this as an enterprise is the ease of reselling stolen merchandise on online marketplaces," said Illinois Attorney General Kwame Raoul, who convened a national task force of state attorneys to make it easier to investigate across state lines. "It's no longer the age where it's done at flea markets or in the alley or in parking lots." Retailers say a total of $68.9 billion of products were stolen in 2019. In 2020, three-quarters said they saw an increase in organized crime and more than half reported cargo theft. Some big chains blame organized theft for recent store closures or for their decisions to limit hours. For the U.S. Government's Homeland Security Investigations unit, organized retail crime probes are on the rise. Arrests and indictments increased last year from 2020, along with the value of stolen goods that was seized. While data is imprecise about the perpetrators, there's growing consensus that an entirely different group should be held accountable: e-commerce sites. Amazon, eBay and Facebook are the places where these stolen goods are being sold, and critics say they're not doing enough to put an end to the racket. The companies disagree.

Read more of this story at Slashdot.