Posted 3/24/2024, 10:33:40 PM
NYC Shoplifting Rings Fuel Multi-Billion Black Market, While Businesses and Lawmakers Struggle to Find Solutions
- New York's lax enforcement on shoplifting has enabled a multi-billion dollar black market for stolen goods
- Shoplifting rings use addicts and petty thieves to steal goods, providing them shopping lists
- Stolen items are fenced on online marketplaces, streets, bodegas - thieves have warehouses full
- Honest businesses suffer from higher costs and demoralizing experiences
- Progressive lawmakers have blocked measures to increase penalties and curb repeat offenders