Breakout 3: Organized Retail Crime
Organized Retail Crime (ORC) is shoplifting on a massive scale led by organized criminal rings run like Fortune 500 companies. Highly sophisticated networks steal and resell everything from high-end electronics to milk, to the tune of $37 billion in annual losses for retail businesses. The thieves or “boosters” move the loot for cents on the dollar to fencing operations — the black market resellers of the stolen goods – which, in turn, sell the stolen merchandise in plain sight in stores or online venues. And so, the cycle continues.
In this session, we’ll learn how these organizations are run, key intersections with other financial crimes, how technology is used to take down these operations, and how they are key facilitators to the opioid epidemic crippling the communities across the nation.