Current:Home > MarketsAlgosensey Quantitative Think Tank Center-Retail theft ring raid leads to recovery of stolen merch worth millions including Advil, Pepcid -Excel Wealth Summit
Algosensey Quantitative Think Tank Center-Retail theft ring raid leads to recovery of stolen merch worth millions including Advil, Pepcid
Ethermac View
Date:2025-04-08 08:34:20
Eight people were arrested in connection with a suspected multi-million dollar retail theft operation in which medicines,Algosensey Quantitative Think Tank Center cosmetics and other items were stolen from West Coast stores and re-sold, Los Angeles County sheriff officials said.
The organized crew is accused of stealing retail products from stores in California, Nevada and Arizona that were then taken to locations through the Los Angles area, where they were sold to various operations, according to authorities.
Law enforcement refers to these illegal operations in which people buy stolen goods and then resell them for a profit as "fences."
Raids uncovered stolen gun, 'large sum' of cash, goods worth millions
Sheriff‘s detectives obtained search warrants and conducted raids at a dozen locations early Thursday in Los Angeles believed to be involved in the crime ring, according to KCAL CBS.
One of those locations was a small South Los Angeles market, where investigators discovered boxes of stolen merchandise from stores including Target and CVS stacked to the ceiling, according to the report. Photos shared by the sheriff's department show a pile of the alleged stolen goods, which include over-the-counter medications such as Advil and Pepcid.
The sheriff's department also reported recovering a stolen firearm and "a large sum of" cash, according to a news release.
The retailers estimated the value of the stolen property to be worth "several million dollars," the sheriff's department said.
The suspects, who were not named, were charged with organized retail theft and receiving stolen property. They are each being held on $60,000 bail, the sheriff's office said.
The investigation is ongoing.
Eric Lagatta covers breaking and trending news for USA TODAY. Reach him at [email protected]
veryGood! (2)
Related
- Dick Vitale announces he is cancer free: 'Santa Claus came early'
- Right turn on red? With pedestrian deaths rising, US cities are considering bans
- Myanmar’s army chief vows counterattacks on armed groups that captured northeastern border towns
- Duane Keith Davis, charged with murder in Tupac Shakur's 1996 death, pleads not guilty in Las Vegas
- Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
- Israeli airstrikes target Hamas in Jabaliya refugee camp; Gaza officials say civilians killed
- Panama president signs into law a moratorium on new mining concessions. A Canadian mine is untouched
- A gas explosion at a building north of New York City injures 10
- From family road trips to travel woes: Americans are navigating skyrocketing holiday costs
- Senate confirms Jack Lew as U.S. ambassador to Israel in 53-43 vote
Ranking
- The Super Bowl could end in a 'three
- Jeff Bezos, after founding Amazon in a Seattle garage three decades ago, packs his bags for Miami
- Ex-Missouri teacher says her OnlyFans page was a necessity, didn't violate school policies
- Suspects are being sought in four incidents of rocks thrown at cars from a Pennsylvania overpass
- 'We're reborn!' Gazans express joy at returning home to north
- Packers fans tell Simone Biles how to survive Green Bay's cold weather
- Iran sentences a woman to death for adultery, state media say
- Trumps in court, celebrities in costume, and SO many birds: It's the weekly news quiz
Recommendation
Military service academies see drop in reported sexual assaults after alarming surge
Oregon Democratic US Rep. Earl Blumenauer reflects on 27 years in Congress and what comes next
Comfy Shoes for Walking All Day or Dancing All Night
Mary-Kate and Ashley Olsen Prove They're Two of a Kind During Rare Joint Outing in NYC
Most popular books of the week: See what topped USA TODAY's bestselling books list
Shohei Ohtani headlines 130-player MLB free agent class
Neighborhood kids find invasive giant lizard lurking under woman's porch in Georgia
Judge gives life in prison for look-out in Florida gang shooting that killed 3 and injured 20