- LAPD chief says 14 alleged robbers suspected of ransacking businesses between November 18 and 28 bailed out or met no-bail criteria, and one is a juvenile
- Arrestees accused of stealing nearly $340,000 worth of goods from LA stores
- Chief Moore and Mayor Eric Garcetti called for end of ‘zero bail’ policy for suspects who commit violent crimes
- Security experts agree organized crime networks are responsible for many of ‘smash-and-grab’ retail thefts, low-level crooks getting paid $500 to $1,000
- White House press secretary Jen Psaki claimed the coronavirus pandemic was ‘a root cause’ of the crimes
A spate of brazen store heists, in which organized mobs have hit stores as varied as Nordstrom, Best Buy, Louis Vuitton and Home Depot, has shaken the retail industry and created fresh challenges for law enforcement.
While large-scale “smash-and-grabs” have been on the rise this year, experts say they hit critical mass in late November, when stores were piled high with holiday inventory. On Black Friday alone, a crew of eight made off with $400 worth of sledgehammers, crowbars and hammers from a Home Depot in Lakewood, Calif.; a group ransacked a Bottega Veneta boutique in Los Angeles; and roughly 30 people swarmed a Best Buy near Minneapolis, grabbing up electronics.
Amid a surge in some New York City violent crime, Wall Street bigwigs continue to encourage younger staffers to come into the office — but to do so with caution.
At Bank of America, senior executives have quietly encouraged younger employees to “dress down” to attract less attention as they make their way to B of A’s tower at 1 Bryant Park.
These execs have told their staffers that dressing up, or wearing anything with a Bank of America logo, could make them a target. One bank employee told On The Money he is on high alert after he spotted someone with a knife near the office during a recent trek to the Manhattan workplace.
Of course, it’s not just Bank of America where worries over crime pervade. The city reported a 15 percent increase in felony assaults over the past 28 days, as of Nov. 28, when compared to the same period a year ago, according to NYPD statistics. (Murder rates have surged 42 percent over the past two years, but remained largely flat over the past year.)
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