organized crime News

Catalytic Converter Thefts Down by Half as Precious Metal Prices Drop

The number of insurance claims filed for catalytic converter thefts plummeted this year after rising dramatically in 2021 and 2022. National Insurance Crime Bureau data shows that as of Sept. 30, the number of claimed catalytic converter thefts averaged 2,675 …

Member of Crew Tied to 490 Catalytic Converter Thefts Pleads Guilty

A Springfield, Massachusetts man pleaded guilty in federal court in Boston last week to his role in a regional organized theft crew that stole catalytic converters from over 490 vehicles. According to Acting U.S. Attorney Joshua S. Levy, Santo Feliberty …

Target to Close 9 Stores, Including 3 in the San Francisco Bay Area, Citing Safety Concerns

NEW YORK (AP) — Target said Tuesday that it will close nine stores in four states, including one in New York City`s East Harlem neighborhood, and three in the San Francisco Bay Area, saying that theft and organized retail crime …

Viewpoint: Cargo Theft Continues to Threaten Supply Chains

After a few tumultuous years, many of the logistical and manufacturing challenges that have plagued global supply chains are finally beginning to stabilize. One unfortunate trend that has not leveled off is cargo theft. With lingering inflation and other economic …

Prosecutors Say Criminal Gang Took Control of Emergency Mitigation Industry in NYC

Federal prosecutors have charged nine individuals in an alleged racketeering conspiracy that they say took control of a Brooklyn damage restoration company and used violence and threats to intimidate competitors and dominate the emergency mitigation industry in New York City. …

$1 Million in Hermes Handbags Stolen from Florida Store

PALM BEACH, Fla. (AP)–More than a dozen one-of-a-kind Hermes handbags with an estimated value of about $1 million were stolen in a smash-and-grab burglary from a boutique store in South Florida, the store owner said. The unique luxury bags were …

Mob Con Artist in Prison, But No Insurance Payout for Jewelry Store

Jennifer Lopez probably would have looked great in the five pieces that Crown Jewels Estate Jewelry loaned to a purported Sony Pictures producer for a shooting with the actress in Miami. But there was no shooting and no movie producer. …

Trader Buys $36 Million of Copper and Gets Painted Rocks Instead

Commodities trader Mercuria Energy Group Ltd. struck a deal last summer to buy $36 million of copper from a Turkish supplier. But when the cargoes started arriving in China, all it found were containers full of painted rocks. The saga …

Juul Fights Mafia Law Designation in Suits Against Its Marketing

Juul Labs Inc. has the Mafia to thank for the most potent legal claims accusing the e-cigarette maker of igniting an epidemic of youth nicotine addiction. The company will try to persuade a federal judge Monday that consumers and school …

Hackers ‘Without Conscience’ Target Health-Care Providers

When hackers broke into computers at Hammersmith Medicines Research, a London-based company that carries out clinical trials for new medicines, it was a nightmare scenario for managing director Malcolm Boyce. The coronavirus crisis was just beginning to take hold in …