|October 24, 2014|
The LP Industry's #1 News Source - Informing, Educating and Instilling a sense of community
U.S. agents scrambling to figure out how retail stores & businesses in LA's Fashion District laundered millions for drug cartels Federal agents hope documents and electronic data seized during raids on the Los Angeles fashion district last month and cash-transaction reports that businesses in the zone are now required to file will help clarify how Mexico's drug cartels are using international trade to launder money, law enforcement sources say. On Sept. 10, in a crackdown called Operation Fashion Police, 1,000 law enforcement agents poured into the fashion district and arrested nine people who allegedly took part in a trade-based money laundering scheme orchestrated by Mexican drug cartels. While some such money laundering has been occurring since at least the mid-2000s, U.S. authorities believe the area became a major repository for cartel cash after 2010 when Mexico enacted anti-money laundering measures that limited deposits of U.S. currency at Mexican banks. The cartels chose the fashion district because Los Angeles has one of the largest populations of Mexican ex-patriots in the world, trade flows freely between the U.S. and Mexico, and textiles have long been a high-dollar, liquid asset in Mexico, Miles said. "It's not hard to understand why (the cartels) are there. Now comes the question of how they do it," he said. One key piece of intelligence being sought is whether legitimate Mexican businessmen are involved or if the cartels are handling all of the import-export aspects of the scheme on their own. Authorities are also trying to determine why roughly $90 million in cash was warehoused at the businesses they raided rather than in bank accounts. A special order that the U.S. Treasury Department’s anti-money laundering unit, the Financial Crimes Enforcement Network (FinCEN), issued to the roughly 2,000 businesses in the fashion district is expected to help provide answers, as are interrogations of criminal suspects and cooperation from those who agree to become informants. reuters.com
Forever 21 actively strengthening the LP team
in North America
Fingerprints credit cards replacing PIN numbers in the UK next year
Coming to Britain next year, the 'contactless' cards that let you pay with a
touch of your finger (print).
Auburn, Wash., hosting Loss Prevention education
session Nov. 5th
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Barnes and Noble employee is facing money laundering charge, computer fraud and
theft charges for allegedly stealing around $46,000 worth of store merchandise
and then selling the items through eBay, according to Mandeville Police. Tomas,
Santamaria, 32, of Mandeville, was arrested Sept. 23. Police began investigating
in late July when a representative from the store on Highway 190 reported
possible employee theft. According to police, detectives believe that from Sept.
2011 through July of this year Santamaria stole the merchandise and then sold
over 700 items, primarily DVDs and novels, online through fake accounts, which
he later funneled into his bank account.
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Loss Prevention News Network
"It's a Mutual Investment"
Bob Serenson, Director of Loss Prevention,
Logistics and Innovation for Bed Bath & Beyond, discusses the
relationship between your career (your progress) and your employer (the
retailer) - and the fact that the relationship between the two is a "mutual
investment" on both your parts. A 20-plus-year veteran of the industry, Bob has
successfully led LP teams and programs at a number of retailers. Here, he talks
about the basic core beliefs and philosophy that have helped him be successful
over the years.
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Retailers and authorities work together to improve card security in US The Retail Industry Leaders Association (RILA) has responded positively to the US President addressing weaknesses in debit and credit card security. As part of an executive order, the President will set a new policy that requires newly issued and existing government credit and debit cards to be enabled with chip and personal identification number (PIN) technology. Retailers agree with the President's action to advance card security. According to RILA, the card security system in place today in the US makes it easy for criminals to commit card fraud. Retailers believe that Chip-and-PIN technology will shield US consumers from fraud, just as it has done for consumers elsewhere around the world. thepaypers.com
Point-of-sale crisis: Anatomy of a cyberattack
A group of special agents from the Secret Service and the FBI briefed industry representatives Monday during a special awareness event hosted by the Financial Services Roundtable in Washington, D.C. Agents presented a detailed explanation of the steps cybercriminals go through when they target a POS system and try to make off with thousands or even millions of credit card numbers. Officials are emphasizing that the high-profile incidents involving some of the nation's largest retail chains are not the only such crimes taking place. In fact, Ari Baranoff, the assistant special agent-in-charge of the Secret Service's Criminal Investigative Division, said the Secret Service has responded to 350 network intrusions so far this year, and the majority of the incidents involved small and medium-sized businesses. fedscoop.com
e-commerce to reach $303 billion in 2014 - Up 15.7% in 2014 - Was up 16.5% in '13 - That's 32.2% in 24 months - Talk about rapid growth! And everyone is wondering about why the stores are hurting. Hey just look over your shoulder at the e-commerce folks. That's why they're giggling over in the corner getting all those bonuses. Meanwhile we're beating the store managers of America to death for soft sales. And the big question is how do you make the store feel like the online experience and create a seamless world? Well the only answer is something similar to Google glass, digital signage, and interactive mirrors-displays-fitting rooms- and payment devices. Where we actually control or manage the vision, perception, and information flowing to the customer. Almost a virtual real-time physical store all combined in one. chinastoreage.com
Amazon sales up 20% hitting $20.58B in sales in Q3 - But still post net loss of $437M
UK cybercrime grows, but so does e-identity awareness
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Canadian to be appointed as ASIS president in 2015 ASIS International, the leading organization for security management
professionals worldwide, is pleased to announce Dave N. Tyson, CPP, will serve
as its 2015 president. Tyson will be the 60th president of ASIS, succeeding
Richard E. Widup, Jr., CPP, who will become ASIS chairman of the board in 2015.
These volunteer leaders maintain the strategic continuity of the programs,
products and services ASIS provides. The full 2015 ASIS Board Management
Committee is comprised of five people.
Study: Canada C-Suite execs say companies prepared for threats A survey of C-suite executives in Canada has found that 60 percent have increased their security budgets in the last two years while 87 percent say they're prepared to deal with threats. Still, only 23 percent rate their companies as very prepared. scmagazine.com
Jacob to close its doors - despite attempt to reinvent The news comes after Jacob announced in May it intended to close and liquidate its 92 stores, but later received several court extensions to try to keep about 40 stores open. financialpost.com
Canadian retailers expected to face tough holiday season Price wars, skittish consumers and e-commerce heavyweights threaten to squeeze retailers as they head into the all-important holiday shopping season. The November-December period, which can account for up to 30 percent of merchant annual revenue, is shaping up to be a tough one in a market that is becoming more crowded with discounters and luxury players alike. theglobeandmail.com
Gun report briefly closes Kanata mall in Ottawa
Kanata's Hazeldean Mall was locked down for a brief period Thursday afternoon after police received a report that a man was seen nearby with what may have been a rifle. Spokeswoman Melanie Westland said the shopping centre was locked down for about 45 minutes as a precaution. Police allowed the mall to reopen shortly before 3:30 p.m. after finding no trace of the man. She said everyone calmly stayed where they were, but once the lockdown was lifted, "everybody was pretty anxious to leave." ottawacitizen.com
Two deadly assaults on uniformed members of Canada's armed forces in three days - one at strip mall - Does it impact holiday sales? Everyone knows the exact stories but when you combine it with Canada's drop in retail sales in September and the upcoming holiday sales, what do we end up seeing over the next few critical months? With anymore attacks or any Ebola cases popping up north of the border and we could have a recipe for fear that keeps people out of crowds and away from the malls. Loss Prevention has to be on high alert as well and reporting anything we feel might represent a threat or exposure. Just a thought.
Target could sell Canadian assets to Wal-Mart or HBC, analyst speculates Will troubled discounter Target Canada stay in Canada or leave? That's the burning question that retail analyst Perry Caicco at CIBC World Markets asks in a report on Wednesday. It may do either, but probably won't make a decision until the end of 2015, he concludes. Maintaining operations in Canada through the end of 2015 will give Target the chance to see if better logistics, lower pricing and sharper merchandise will make a difference to its Canadian operations, Mr. Caicco said. U.S. parent Target Corp already has sunk more than $6-billion into setting up shop in this country, he says. "Target has been a disaster in Canada, producing sales at about half of our initial projections, and running deep operating losses," Mr. Caicco writes. theglobeandmail.com
IBC, Quebec trucking industry group partner to fight cargo theft Insurance Bureau of Canada (IBC) and the Association du camionnage du Québec (ACQ) are teaming up to crack down on cargo theft, a crime that costs Canadians up to $5 billion each year. Thanks to the Programme provincial de déclaration de vol de cargaison, the cargo theft reporting program launched in Quebec by the two organizations, in collaboration with the Service du renseignement criminel du Québec (SRCQ) and Quebec's two police services, the Sûreté du Québec (SQ) and the Service de police de la ville de Montréal (SPVM), it has now become much easier to share information among the trucking community, companies, insurers and the authorities. canadianunderwriter.ca
Toronto Police release image of suspect in a $30,000 Optical Store Robbery Toronto police are asking for the public's assistance to identify a man in connection with a case of chronic theft. Police say a man broke into an optical store in near Dundas Street W. and Huron Street on July 15. According to police, the man smashed the store's front door windowpane and used deadbolt cutters to break the lock. After gaining entry, the man was able to leave with about $30,000 worth of merchandise. He is now wanted for theft over $5,000. Police say the man tried to return to the optical store on Aug. 18 but couldn't get in. A security camera image was taken of the suspect and has only now been released to the public. torontoobserver.ca
Canadian web sales to grow 12.3% annually through 2019
Southern California cargo-theft 'cartel' busted for $1.5M in Sumner, Wash.
Detectives recovered $1.5 million worth of stolen laptops, TVs, refrigerators
and more believed to have been stolen by an organized Southern California
cargo-theft cartel back in August. According to the PATROL Auto Theft Task
Force, the suspects used semi-tractors to steal five cargo trailers loaded with
high-value items Aug. 21. They reportedly would have stolen four more cargo
trailers if one of the suspects hadn't crashed a truck, blocking their exit.
After weeks of investigation, PATROL detectives served search warrants on two
storage facilities and a warehouse earlier this month, finding many of the
stolen items. The recovered items included: •1,169 large-screen TVs •1,272
•124 refrigerators. According to PATROL, detectives arrested one suspect
while serving the search warrants. They believe he is the leader of the cartel,
the rest of which is believed to be in Southern California or Mexico.
Multi-state ORC theft ring identified in New England Cranston police
arrested three men at a department store in Garfield Plaza Wednesday that they
identified as suspects in a "ring of shoplifters targeting the New England
area." According to a news release from the police department, Detective Paul
Bessette also found "additional stolen items from an earlier shoplifting in
Seekonk," Mass., in a stolen vehicle allegedly being used by the three. The news
release said that "at least two of these suspects have been involved in numerous
unsolved shopliftings with occurrences RI, MA, and NH and are suspected of
stealing over $20,000 in store merchandise." The police called Akins the main
suspect in these crimes, adding that he is known to disguise himself as a female
named "Tatiana." The police said he has four warrants on larceny charges out of
Massachusetts. As a result of the investigation, Cranston Police say its
detectives were able to clear 11 incidents of shoplifting throughout Rhode
Island, Massachusetts and New Hampshire, as well as recover over $2,600 in
stolen merchandise. Akins, Elder and Reyes are facing various felony and
misdemeanor charges for possession of a stolen motor vehicle, shoplifting,
receiving stolen goods and conspiracy.
Statewide counterfeit credit card ring busted in PA
The Attorney General's Office busts a counterfeit credit card ring that used
dozens of counterfeit cards with matching driver's licenses to make purchases
and cash advances at banks across the state. The investigation, led by agents
from the Attorney General's Bureau of Criminal Investigations, revealed the
alleged theft of tens of thousands of dollars and purchases made with stolen
bank account data used to make counterfeit credit cards. Lovell "Vell" Davis III
(aka Lovell Bronson), who was arrested on Wednesday, Oct. 22, 2014, allegedly
ran the counterfeit credit card ring and recruited associates including Cecelia
Robinson, 31, 8815 S. Halsted Ave., Chicago, Illinois, who is at large. Davis
allegedly "hired" Robinson and Latoya Jemerson (currently incarcerated in the
Allegheny County Prison) to make cash advances using the credit cards he
manufactured from banks in Philadelphia, Harrisburg and Pittsburgh for $1,000 to
$1,500 at a time. For their role, Davis allegedly let Robinson and Jemerson
pocket 30 percent of the daily proceeds from the cash advances.
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Albuquerque Wal-Marts getting hit in the wee hours for fully loaded shopping
carts Five-thirty in the morning might be an odd time for a shopping
spree, but it's a common time of day for shoplifters. Combatting
shoplifting, especially in those wee hours of the morning, is a common struggle
for operators of 24-hour stores, and Wal-Marts throughout the area have been
experiencing individuals pushing fully loaded shopping carts out the doors
without paying a dime. Edgewood Police Chief Fred Radosevich said his department
received a call two weeks ago reporting four suspected shoplifters attempting to
leave the premises, with what later turned out to be nearly $2,000 worth of
goods. A common tactic, Radosevich said, is for an organized group to target a
24-hour store by taking high-priced items such as televisions and other
electronics to the sell at flea markets around the area. The Edgewood police
department has adjusted their staffing schedule to combat these early morning
thefts. Radosevich said management at Wal-Mart hired an asset protection
director and a loss prevention officer as well.
Cincinnati Man arrested, more than 6000 bootleg DVDs, counterfeit purses seized A Hamilton County man is facing several charges after police found thousands of counterfeit items offered for sale. Cincinnati police said that as a result of complaints regarding sales of counterfeit items, vice unit personnel executed a search warrant at the Set 4 Life shop on Wednesday. Vice personnel seized the following: 3,180 counterfeit movie DVDs, 3,112 counterfeit CDs, 122 counterfeit music DVDs, Numerous counterfeit purses, watches, belts, sunglasses, etc., with brand names such as Michael Kors, Coach, Gucci, Chanel and Louis Vuitton. Investigators said one problem in building a criminal case is getting the cooperation from companies that have been ripped off. wlwt.com
St Louis Co. man turns himself in after robbing 18 stores in the past month
The son of St. Louis County Executive Charlie Dooley has turned himself into
police. Thirty-seven year-old Phillip Goodwin is suspected of robbing 18
convenience stores in the St. Louis area, all within the past month. Nearly
every day, from September 17th until October 8th, Florissant police say Goodwin
robbed gas station convenience stores throughout the St. Louis area. Florissant
Police Officer Andy Haarmann says, "When the clerk rang up the item and opened
up the cash register, the individual would push away the clerk, grab whatever he
could out of the cash register, then run out of the store."
Protection 1, the largest full-service business and home security company in the U.S., has announced the advancement of its home automation platform, HALO. The HALO platform, which includes a fully integrated suite of connected home solutions available through a single app, has added new Central Station operator video alarm verification along with new energy efficiency features like solar power and energy monitoring to its list of capabilities. Powered by Alarm.com's leading cloud-based software platform for the intelligently connected home, HALO gives Protection 1's residential customers a comprehensive suite of secure connected home solutions. From a single mobile app, users can control and manage interactive security, video monitoring and energy management solutions as well as a broad ecosystem of connected devices. Using persistent monitoring and adaptive learning, Protection 1 customers get improved security, intelligent automation and effortless energy management capabilities. Read more here.
Protection 1 announced its solar arm, Brite Energy, has launched in its first market, San Diego, Calif. Over the next several months, Brite Energy plans to execute a phased, market by market launch strategy that will allow the company to scale quickly delivering the industry-leading customer experience Protection 1 is known for. "Like Protection 1, Brite Energy will be distinguished by the quality of customer experience and speed of installation that differentiates us in the security business," said Timothy J. Whall, Protection 1 CEO. "We know that our customers are looking for a solar offering that parallels the experience and support we provide at Protection 1 and we are prepared to deliver exactly that. We believe our customer-first brand of service will allow us to quickly take a leadership position in the solar marketplace as we have in security and we are pleased to announce this milestone." Read more here.
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