Knowledge Center: Jeff Stein, Loss Prevention Expert, Returns to Talk about ORCs

Tomorrow, Loss Prevention expert and guest blogger Jeff Stein joins us again with an informative post on Organized Retail Crime (ORC). Retailers lose $30 to $37 billion a year to organized rings that continue to grow larger and more sophisticated every day.

How bad is it? It’s so bad that the FBI launched Law Enforcement Retail Partnership Network (LERPnet), a new database initiative back in April:

“‘The overall price tag is more than burglary, larceny, robbery, and auto theft combined,’ says Supervisory Special Agent Brian J. Nadeau, program manager of the Organized Retail Theft Program at FBI Headquarters. ‘Theses aren’t shoplifters taking a pack of gum. These are professional thieves. This is their day job.’” (From this article found on the FBI web site.)

A long-time foe of the ORCs, Jeff’s career in Loss Prevention began 20 years ago as a store detective for Haynes Department Stores and he’s got a lot of great stories to tell. Now the president of Executive LP Services and MonitorClosely.com, Jeff has been kind enough to give us some of his time and expertise in bi-weekly posts.

For all of Jeff’s Knowledge Center posts to-date, click here.

Come back tomorrow to hear about Jeff’s apprehension of the “Brooklyn Knapsack Gang.”