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Nov 29, 2019
11/19
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>>ter: chris walden is a special agent with the utah attorney geral's fice. >> how is it secondhand merchants a selling for less than what a big box retailer h likee depot or lowe's can buy that product for? >> reporter: they found the answer in st. >> sell them, pn them? >> sell them. >> reporter: this is undercover video of law enforcement selling items that seem stolen to those pawn shops. the case led to a new that makes it harder for pawn shops to buy unopened product. >> since we passed the new law, it seems like it's getting a little better. we've seen a shift to e-commerce. >> reporter: just like the power tools we s confiscateduring the raid. here they were for sale on facebook. is it a game of whack a mole? fix it here, they pop up somewhere necessarily. >> certainly. we o relythe retailers. if the retailers say, we've done this preliminary investigation t and we this is a good case, it's something we'rein willto look at. >> reporter: organized retail crime isrowing and costs he industry nearly $800,000 per $1 billion in sales. home depot said i profit took a hit in the last three q
>>ter: chris walden is a special agent with the utah attorney geral's fice. >> how is it secondhand merchants a selling for less than what a big box retailer h likee depot or lowe's can buy that product for? >> reporter: they found the answer in st. >> sell them, pn them? >> sell them. >> reporter: this is undercover video of law enforcement selling items that seem stolen to those pawn shops. the case led to a new that makes it harder for pawn shops to buy...
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Nov 23, 2019
11/19
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. >> chris walden is a special agent with utah attorney general's office. >> how is it that second-handts are selling it for leha tn what a big box retailer like lowe's can even buy the product for? >> they found the answer in these sting operations. >> sell them. >> this is undercover vide of lawnforcement selling items that seem stolen. to those p shops. the case led to a new utah law that makes it harder for pawn shops to buy unopened inproduct. >> we passed the new law, it seems like it's getting better we seenr a shift o to e-commerce. >> we saw confiscated during the raid. here theyere for sale on facebook. organized retail crime is growing. and costs the industry nearly $800,000 for every $1 billion in sales. a hit in the last three quarters becae of higher shrink or loss of goods. which includes organized retail crime. >> we don't comment on our particular numbers, we are seeing shrinkage rates rise across the country. >> scott glen isrg in c of asset protection for home depot. >> organized retail crime drives other crimes. it drives drugs, it drives guns. it drives human traffi
. >> chris walden is a special agent with utah attorney general's office. >> how is it that second-handts are selling it for leha tn what a big box retailer like lowe's can even buy the product for? >> they found the answer in these sting operations. >> sell them. >> this is undercover vide of lawnforcement selling items that seem stolen. to those p shops. the case led to a new utah law that makes it harder for pawn shops to buy unopened inproduct. >> we...
131
131
Nov 30, 2019
11/19
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CNBC
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. >> reporter: chris walden is a special agent with the utah attorney general's office. >> how is it they are selling it for less than a big box retailer like home depot or lowe's can even buy that product for? >> reporter: they found the answer in these sting operations. >> sell them, pawn them? >> yeah, sell them. >> reporter: this is undercover video of law enforcement selling items that seem stolen to the pawn shop. the case read led to a new utah law that made it harder for pawn shops to buy unopened product. >> since we passed the new law, it seems like we're getting better >> reporter: just like the power tools we saw confiscated during the raid here they were for sale on facebook organized retail crime is growing and costs the industry nearly $800,000 per every billion in sales home depot said its profit took a hit in the last three quarters because of higher shrink or loss of goods, which includes organized retail crime. >> while we don't comment on our particular numbers, we are seeing shrinkage rates rise across the country. >> reporter: scott glen is in charge of asset pr
. >> reporter: chris walden is a special agent with the utah attorney general's office. >> how is it they are selling it for less than a big box retailer like home depot or lowe's can even buy that product for? >> reporter: they found the answer in these sting operations. >> sell them, pawn them? >> yeah, sell them. >> reporter: this is undercover video of law enforcement selling items that seem stolen to the pawn shop. the case read led to a new utah law...
69
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Nov 22, 2019
11/19
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. >> chris walden is a special agent with the utah attorney general's office. >> how is it that thesemerchants are selling it for less? >> they found the answer in these sting operations >> sell 'em? pawn 'em >> yeah. sell 'em. >> this is undercover video of law enforcement selling items that seem stolen to those pawn shops. the case led to a new utah law that makes it harder for pawn shops to buy unopened product. >> since we've passed the new law, it seems like it's getting a little bit better. what we've seen is a shift over to ecommerce. >> just like the power tools we saw confiscated during the raid, here they were for sale on facebook organized retail crime is growing and cost the industry nearly $800,000 per every billion in sales home depot said its profit took a hit in the last three quarters because of higher loss of goods, which includes organized retail crime. >> while we don't comment on our particular numbers, we are seeing shrinkage rates rise across the country. >> scott glenn is in charge of asset protection for home depot. >> organized retail crime drives other crime
. >> chris walden is a special agent with the utah attorney general's office. >> how is it that thesemerchants are selling it for less? >> they found the answer in these sting operations >> sell 'em? pawn 'em >> yeah. sell 'em. >> this is undercover video of law enforcement selling items that seem stolen to those pawn shops. the case led to a new utah law that makes it harder for pawn shops to buy unopened product. >> since we've passed the new law, it...