Menu
Crime ring used Amazon, eBay to sell stolen printer ink

Crime ring used Amazon, eBay to sell stolen printer ink

The crime ring raked in over US$12 million by selling stolen electronics and printer ink cartridges taken from retail stores

Apparently, big bucks can be made selling stolen printer ink cartridges online.

A dozen suspects are accused of pulling in more than US$12 million by selling the stolen cartridges and retail electronics on Amazon and eBay, New York Attorney General Eric Schneiderman said on Wednesday.

Sixty-four-year-old Richard Rimbaugh allegedly led the operation for more than 20 years by recruiting people to steal the goods from retail stores across 28 states.

Rimbaugh and his "theft crews" allegedly went out each week to steal new merchandise, which also included computer software, Schneiderman said.

The operation was tightly organized. Members were given detailed maps of retail stores, such as Staples, Office Depot, and Best Buy, along with custom-made vests to help them shoplift the stolen goods.

In addition, special electronic devices were used to deactivate the alarms at store exits and to eavesdrop on security staff.

To catalog and ship the stolen merchandise, Rimbaugh created a company called American Media Soft that he ran out of his New York City apartment, Schneiderman alleged. The company appears to have received good reviews on Amazon and eBay from thousands of users.

Rimbaugh then paid his crew members between 30 to 50 percent of a stolen product’s retail value. He would also issue credit cards to his associates to cover travel expenses such as flights, car rentals, and hotels.

U.S. police have confiscated more than 5,300 stolen electronic devices and ink cartridges, along with $7.7 million from the suspects' homes and financial accounts. New York's attorney general is calling the indictments one of the biggest busts of a retail theft ring.

The suspects have been charged with enterprise corruption, money laundering, and criminal possession of stolen goods. Each defendant can face between eight to 25 years in prison if found guilty.


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Featured

Slideshows

EDGE 2018: Kiwis kick back with Super Rugby before NZ session

EDGE 2018: Kiwis kick back with Super Rugby before NZ session

New Zealanders kick-started EDGE 2018 with a bout of Super Rugby before a dedicated New Zealand session, in front of more than 50 partners, vendors and distributors on Hamilton Island.​

EDGE 2018: Kiwis kick back with Super Rugby before NZ session
EDGE 2018: Kiwis assess key customer priorities through NZ research

EDGE 2018: Kiwis assess key customer priorities through NZ research

EDGE 2018 kicked off with a dedicated New Zealand track, highlighting the key customer priorities across the local market, in association with Dell EMC. Delivered through EDGE Research - leveraging Kiwi data through Tech Research Asia - more than 50 partners, vendors and distributors combined during an interactive session to assess the changing spending patterns of the end-user and the subsequent impact to the channel.

EDGE 2018: Kiwis assess key customer priorities through NZ research
Show Comments