Just How Did US Couple Steal $1.2M Worth of Electronics from Amazon?

News emanating from Indiana, USA has revealed that a US couple have pleaded guilty to stealing more than $1.2M (£900k) worth of electronics from internet online marketplace goliath Amazon. These electronics included tablets, gaming consoles, smartwatches and digital cameras. While they succeeded for some time, eventually they were caught – but how in the first place did they manage to get to this position? Read on to find out!

 

 

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No, it (surprisingly) didn’t need thorough calculations

 

 

The two people involved were Erin Finan, 38, and Leah Finan, 37, from Indiana, USA. Their method was to create hundreds of fake online identities to order the goods. Once the goods arrived, they took advantage of Amazon’s return policy by claiming they were faulty, damaged or unusable. With Amazon being as huge as it is, they were unable to detect the fraud, and often sent replacements free of charge, expecting the ‘faulty’ products to be returned.

 

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The two people involved were Erin Finan, 38, and Leah Finan, 37, from Indiana, USA. Their method was to create hundreds of fake online identities to order the goods. Once the goods arrived, they took advantage of Amazon’s return policy by claiming they were faulty, damaged or unusable. With Amazon being as huge as it is, they were unable to detect the fraud, and often sent replacements free of charge, expecting the ‘faulty’ products to be returned.

 

Then? Instead of enjoying these free products, the Finan duo sold the electronics to Danijel Glumac, 28, also of Indiana, USA at a price considerably lower than their retail value. The web of lies got uglier as Glumac then sold these electronics on, again making a profit while selling them below the retail value. Just to complete this mess, the business Glumac sold the electronics to sold them to the public. Glumac laundered the profits from the stolen electronics through bank accounts connected to his clothing business. He would then give around half the proceeds to the Finan duo.

 

So a neat plan, however they were eventually caught out. When you are exploiting a return’s policy on this level, and with Amazon having the manpower to investigate unusual occurrences, it was only a matter of time before things would turn pear-shaped. According to the Department of Justice, Glumac has been charged with money laundering, together with the transportation of stolen property. He will await his sentence.

 

The Finan duo pleaded guilty to fraud and money laundering, and did originally face up to twenty years in jail. Thanks to a plea deal, the duo must pay Amazon $1.2M, and should they be handed less than seven years in jail, will have to waive their opportunity to appeal. The sentences will be handed down to them in early November. The lesson here? Play fairly, and don’t steal!

 

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