Family Accused of $7 Million Shoplifting Spree

They could face up to 10 years in prison and a $250K fine

   

Family Accused of $7 Million Shoplifting Spree

A Chicago-area family is being accused of going on a $7 million shoplifting spree that could see them in prison for a decade.

The Bogdanovs are a family of three who were charged Wednesday with interstate transportation of stolen property. They were arrested by Secret Service agents who followed them through their $7 million shoplifting spree in February through Oklahoma, Texas and Louisiana.

The Bogdanovs allegedly stole merchandise from Barnes & Noble (BKS), Toys R Us and several other retailers that reported a high loss in merchandise. An eBay account connected to the Bogdanovs was found selling a large quantity of the stolen items.

The account sold the merchandise for a total of $3.4 million. A conviction of interstate transportation of stolen property charges would cost the Bogdanovs restitution payments along with a maximum of 10 years in prison and a $250,000 fine.


Article printed from InvestorPlace Media, http://investorplace.com/2014/03/7-million-shoplifting/.

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