what is organized retail theft

what is organized retail theft

1 year ago 70
Nature

Organized retail theft (ORT) refers to professional shoplifting, cargo theft, retail crime rings, and other organized crime occurring in retail environments. ORT involves two or more people who conspire to steal and resell retail merchandise for financial gain. It is usually committed by a large-scale crime ring that may also be involved in other types of theft and fraud. ORT can involve a variety of different techniques, such as smash-and-grab tactics, flash mobs, cargo theft, or stealing directly from factories or manufacturers. ORT is a significant problem for retailers, with the FBI estimating that the losses attributed to organized retail crime could reach as much as $30 billion a year. ORT is also a major safety threat to retail workers and customers, as thefts often turn aggressive or violent. Criminal rings involved in ORT are often involved in other crimes within the community, including narcotics, money laundering, and human trafficking. To address ORT, swift action is needed to close the market for stolen goods and to enable the arrest and prosecution of offenders.

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