Coordinated robberies have hit dozens of U.S. stores in recent months and lawmakers are warning it’s a rising trend of organized retail crime. While punishments for shoplifters are hotly debated, there’s growing consensus around a solution that holds an entirely different group accountable: the online sites where the stolen goods are sold. Here’s what Amazon, eBay and Meta’s Facebook Marketplace say they’re already doing to stop the sale of stolen products on their platforms, and why major retailers like Home Depot are asking congress to crack down on them by requiring stricter verification of sellers.
Chapters:
00:00 — Intro
01:55 — Prevention and tracking
06:02 — How stolen goods end up online
10:19 — What eBay, Amazon and Meta do now
15:45 — Legislation as a last resort
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How Stolen Goods End Up On Amazon, eBay And Facebook Marketplace
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Are they doing ANYTHING to stop someone from unauthorized credit card use? I can prove it happens.
Wow, who do i congratulate at CNBC….this an MBA quality reporting
If Home Depot would operate like Sears used to , where you didn’t get your item until you paid for it. You had to go to the warehouse cashier and they would pull the item and give you the item with proof of purchase. Really simple fix to this problem. These lazy asses are trying to reinvent the wheel , stop blaming this problem on someone else, the sellers need to take full responsibility for how they sell their products. If you can’t control the people then control the items. Don’t put the items out on display for people to grab and go. Duh.!!!! Sears managed it years ago so just do what Sears did.
Home Depot is just getting greedy and lazy, they don’t like the competition selling goods online so they blame them for their own problems, Home Depot needs to fix their problem and leave the online suppliers out of it. This is crazy , and now we have govt officials getting involved because Home Depot is crying about their own problems and are loosing money to the thieves and to Amazon and eBay , so they just used this as a excuse to slow down online sales. Greed !!!!! Amazon and eBay can’t fix Home Depot’s security issues , so why are they included in this problem ? Because Home Depot is greedy.
Wow.
Amazon is often crooked—and they lie about it. Anyone who protects illicit sales through their site will lie about it. I’ve been tricked into Amazon subscriptions and currently apparently have a credit account which I called the bank who handles Amazon credit cards, and cancelled the account. I was assured it had been cancelled—it was cancelled for about a year or so, but someone took it on themselves to reopen the account—it is currently back on my credit report. Amazon is a blight on this planet.
Rfid dosnt work if training is sloppy
Amazon first needs to pay taxs
It would be way cheaper to hire off duty police officers as loss prevention guy
The way it use to always work was have security men always watching an ready to tackle any thief an rough em up real good then the cops pick em up an do the same or worse!!! Lawsuits are null an void…!!!
Land of the free'n'all that.
I hope we don't miss the mark here. I'd hate a mother trying to feed her family to go to jail. On the other hand that person who stole that 500 dollar drill can go to hell
Consensus of the comments is that thieves need more punishment. Between heroin and retail theft the jails would pop like a balloon 😂
Vote the soft on crime politicians out this November.
So eBay will totally help with stolen items. But God forbid you write a bad article on them. Because then you'll be stalked and threatened for years… 🤔🙄🤯😆😆 One messed up company!! 🤢
Criminals do not get punishment on these days. If someone take less than $1000 it's considered a menesminor . They just release 2 hour later to do the same thing.
So this is how they plan to enforce the whole "Cant buy, cant sell" thingy… This is freaky, and even scarier I'm a few months late seeing this video.
A lot of theft happens from the inside.
Infant formula is full of corn syrup solids. The formula itself is probably hurting infants.
The guy who says retailers blow it out of proportion is nuts. Because of ppl like him, feeling sorry for thieves, it will only get worse.
How about we talk about the bankers & lawyers that stole our country from under our noses. We should start there.
I worked loss prevention and busted alot of pros ,semi pros stealing for resale ,they would have shoplifting lists on them .
It's not all organized though lol .
I busted ppl at whole foods in a wealthy community and I was busting ,doctors ,teachers , pharmacist ,rich house wife's and cops even and they steal alot .most of my cases at WF were wealthy ppl .
I use to wait tell the are about to get to there car just to see what the drive lol BMW , Jaguar,Bentley and they were rarely are remorse full .
There is no profile of a shoplifter .I got 4 doctors in a week wtf man . I cant work anymore after being stabbed and having brain damage but a couple gangster wannabe theifs 🙄