•   
  •   
  •   

Money How this Indiana couple stole $1.5 million from Amazon

05:32  08 june  2018
05:32  08 june  2018 Source:   cnbc.com

Amazon to bring 1,000 jobs to Ottawa with new warehouse

  Amazon to bring 1,000 jobs to Ottawa with new warehouse Two MPs are confirming online retail giant Amazon is set to make a major investment in Ottawa, with a warehouse that will employ roughly 1,000 people. Orléans MP Andrew Leslie confirmed in an interview with CBC News that the company plans to take over a giant warehouse proposed for 5371 Boundary Rd., near Highway 417. An application submitted to the city says the facility will be over one million square feet and require 99 truck bays and more than 1,000 parking spaces.

On Monday, a U.S. District Court judge sentenced a Muncie, Indiana married couple to nearly six years in prison apiece for stealing more than $ 1 .2 million in consumer electronics from e-commerce giant Amazon .

"Their Amazon scheme was their 'job,'" the federal government said.

a person standing in front of a store© Provided by CNBC

On Monday, a U.S. District Court judge sentenced a Muncie, Indiana married couple to nearly six years in prison apiece for stealing more than $1.2 million (C$1.5 million) in consumer electronics from e-commerce giant Amazon.

Quotes in the article

Amazon.com Inc

AMZN

Amazon Music's app adds hands-free listening, courtesy of Alexa

  Amazon Music's app adds hands-free listening, courtesy of Alexa In September, Amazon announced it was adding support for Alexa voice control to its Amazon Music app for iOS and Android. That means customers can command Alexa to do things like play or pause music, move back and forth between songs, and create playlists by asking, as well as take advantage of Alexa's more innovative features around playing music by mood, activity, genre, lyrics, artist or song title.

On Monday, a U.S. District Court judge sentenced a Muncie, Indiana married couple to nearly six years in prison apiece for stealing more than $ 1 .2 million

You are using an older browser version. Please use a supported version for the best MSN experience. How an Indiana couple stole $ 1 .2 million from Once Amazon would comply, the Finans then sold the stolen merchandise to an accomplice, Danijel Glumac, 29, who sold the items to an entity in New

1,689.30
-6.45
-0.38%
Microsoft Corp

MSFT

100.88
-1.61
-1.57%
Apple Inc

AAPL

193.46
-0.52
-0.27%

It's the end to a con that Joseph and Leah Jeanette Finan, both 38, had been perpetrating for years.

"Their Amazon scheme was their 'job,'" the federal government said of the Finans in its press release. "Fraud had become a way of life."

Between 2014 and 2016, the Finans created hundreds of fake online identities and Amazon accounts. They then used them to order more than 2,700 electronics products — GoPro digital cameras, Microsoft Xboxes, Apple Macbooks, Microsoft Surface tablets and more, federal authorities said in a press release announcing their sentencing.

After ordering the products, the Finans would tell the company that the products had arrived damaged or that they did not work.

Amazon will ban you for making too many returns. But it won't say how many is too many

  Amazon will ban you for making too many returns. But it won't say how many is too many Are you a picky shopper? If so, Amazon may not like you very much.Are you a picky shopper? If so, Amazon may not like you very much.

On Monday, a U.S. District Court judge sentenced a Muncie, Ind., married couple to nearly six years in prison apiece for stealing more than $ 1 .2 million in consumer electronics from e-commerce giant Amazon .

How this young Indiana couple stole $ 1 . 2 million from Amazon - www.cnbc.com. — A couple from Indiana has admitted to stealing $ 1 . 2 million in merchandise from Amazon .

Amazon's famously friendly customer service policy allows customers to "receive a replacement before they return a broken item," in some cases, according to a release from the U.S. Attorney's Office, Southern District of Indiana.

So the Finans would ask Amazon to send replacement products at no charge. Once Amazon would comply, the Finans then sold the stolen merchandise to an accomplice, Danijel Glumac, 29, who sold the items to an entity in New York that would sell the products to the public.

In total, the full value of the stolen consumer electronics reached $1.2 million in a little over two years. The Finans netted roughly $750,000 from the scheme in that period, the government said. Glumac made roughly $500,000 as the middle-man selling the items.

But "Amazon closely monitors customers' accounts and orders for possible fraudulent activity," according to the U.S. Attorney's press release.

There’s one thing people appear reluctant to buy on Amazon

  There’s one thing people appear reluctant to buy on Amazon A new survey reveals how Amazon shoppers compare to other online consumers.AMZN

A couple from Munice, Indiana have admitted stealing more than $ 1 .2 million from Amazon , using the company's returns system as well as a network How police are using corpses to unlock phones. Engadget. NSA triples metadata collection numbers, sucking up over 500 million call records in 2017.

On Monday, a U.S. District Court judge sentenced a Muncie, Ind., married couple to nearly six years in prison apiece for stealing more than $ 1 .2 million in consumer electronics from e-commerce giant Amazon .

Eventually the Finans' con was discovered, and each pleaded guilty to charges of mail fraud and money laundering in October 2017. Glumac pleaded guilty to money laundering and fencing the stolen items was sentenced to two years in prison.

The three defendants were also ordered to pay back the more than $1.2 million they made from the scheme.

Amazon now appears to be cracking down on fraud around its easy return policy, at least based on recent reports.

In May, The Wall Street Journal wrote about Amazon customers who have had their accounts closed by the company, including one who claimed he had only returned one item this year after returning four in 2017. (Amazon later reinstated his account.)

"According to former Amazon managers, the company terminates accounts for behaviors including requesting too many refunds, sending back the wrong items or violating other rules, such as receiving compensation for writing reviews. Cases are typically evaluated by a human after algorithms surface the account as suspicious," the Wall Street Journal reports.

Microsoft follows Amazon in pursuit of cashier-less stores

  Microsoft follows Amazon in pursuit of cashier-less stores Microsoft follows Amazon in pursuit of cashier-less storesMicrosoft is working on automated checkout technology that could help retailers compete with Amazon's new cashier-less stores.

How this young Indiana couple stole $ 1 . 2 million from Amazon - www.cnbc.com. — A couple from Indiana has admitted to stealing $ 1 . 2 million in merchandise from Amazon .

On Monday, a U.S. District Court judge sentenced a Muncie, Indiana married couple to nearly six years in prison apiece for stealing more than $ 1 .2 million in consumer electronics from e-commerce giant Amazon .

An Amazon spokesman told The Wall Street Journal that the bans are sometimes enforced because "there are rare occasions where someone abuses our service over an extended period of time." The company also encouraged customers to contact Amazon if they believe their account was closed by mistake.

In 2016, The Guardian also reported that Amazon had been cancelling the accounts of customers who returned a suspicious number of items over a given period of time for several years.

Check out MSN Currency Converter here

Don't Miss:

This Amazon security guard launched his own barbecue sauce business on Amazon — and Jeff Bezos tried it

Like this story? Like CNBC Make It on Facebook!

Tech goof might have just leaked date for Amazon Prime Day .
Tech goof might have just leaked date for Amazon Prime DayThe unannounced date was accidentally published on a banner of Amazon's U.K. website this week, according to TechRadar.

—   Share news in the SOC. Networks

Topical videos:

This is interesting!