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Police departments around the country launched a crackdown on the post-pandemic scourge of organized retail theft — making more than 400 arrests, law enforcement officials told The Post on Wednesday.

The coordinated nationwide blitz included help from major chains — including Home Depot, Walgreens, Ulta Beauty, Target, Meijer, Kroger and lululemon — that have seen their bottom lines squeezed by the rampant lawlessness.

The clampdown, conducted last week, spanned 28 states and was led by the organized crime task force in Illinois Cook County, with support from the Retail Industry Leaders Association and the National District Attorneys Association.

This coordinated crackdown is one of the largest and most visible efforts we’ve seen to date in combating organized retail crime and its long overdue, said Gene Petrino, a retired SWAT commander and owner of Survival Response, which helps companies train employees to deal with workplace violence.

These crimes arent just petty theft theyre highly structured operations that fund broader criminal activity, and theyve had a devastating impact on retailers, employees and consumers across the country.

In one such incident, a California mother-of-three, Michelle Mack, ran a crime ring dubbed “California Girls” that looted an estimated $8 million worth of cosmetics and beauty products from Ulta and Sephora stores. She was sentenced to five years in prison and ordered to pay $3 million in restitution.

The organized thefts forced many drugstores to lock away basic staples, which led to a drop in sales as frustrated customers were turned off by the anti-theft tactics.

These crime rings are one of the most significant challenges in our industry, Marty Maloney, Walgreens director of media relations, told The Post.

The chain worked with law enforcement partners at more than 40 locations across 20 cities last week, Maloney said.

Ulta had teams stationed across nine states, passing along information on theft incidents to law enforcement officials.

Retail crime rings which involve more than one person targeting specific stores and then hawking the stolen goods have emerged as a growing threat over the past few years.

While it’s difficult to track organized retail crime specifically, retailers reported 93% more shoplifting incidents on average in 2023 compared with 2019, according to a survey conducted by the National Retail Federation.

Those surveyed also reported a 90% jump in related dollar losses over the same period.

The goal of the nationwide operation is to have one day where we focus and concentrate on [retail theft] and we share intelligence about it about what we learned about the network, so that gives us more tools on how to take this network down, Cook County State’s Attorney Eileen ONeill Burke told CNBC, which earlier reported on the police blitz.

On her first day in office, ONeil Burke ordered prosecutors to pursue felony charges when the value of the stolen goods exceeds $300 a sharp change from the prior rules of only pursuing thefts above $1,000 or suspects with 10 or more prior convictions.

Since Dec. 1, her office has filed charges in 1,450 felony retail theft cases, according to CNBC.

While this nationwide action is a strong step in the right direction, enforcement alone isnt enough, Petrino told The Post.

He stressed that law officials need to better collaborate with retail loss prevention teams and put in place stronger penalties for repeat offenders.

Retailers, meanwhile, should invest in improved surveillance, staff training and data analytics, Petrino added.

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South Korean court clears Wemade ex-CEO in Wemix manipulation case

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South Korean court clears Wemade ex-CEO in Wemix manipulation case

South Korean court clears Wemade ex-CEO in Wemix manipulation case

After nearly a year of legal proceedings, a South Korean court acquitted former Wemade CEO Jang Hyun-guk of market manipulation charges.

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Is there £15bn of wiggle room in Rachel Reeves’s fiscal rules?

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Is there £15bn of wiggle room in Rachel Reeves's fiscal rules?

Are Rachel Reeves’s fiscal rules quite as iron clad as she insists?

How tough is her armour really? And is there actually scope for some change, some loosening to avoid big tax hikes in the autumn?

We’ve had a bit of clarity early this morning – and that’s a question we discuss on the Politics at Sam and Anne’s podcast today.

Politics Live: Reeves to reform financial regulations

And tens of billions of pounds of borrowing depends on the answer – which still feels intriguingly opaque.

You might think you know what the fiscal rules are. And you might think you know they’re not negotiable.

For instance, the main fiscal rule says that from 2029-30, the government’s day-to-day spending needs to be in surplus – i.e. rely on taxation alone, not borrowing.

And Rachel Reeves has been clear – that’s not going to change, and there’s no disputing this.

But when the government announced its fiscal rules in October, it actually published a 19-page document – a “charter” – alongside this.

And this contains all sorts of notes and caveats. And it’s slightly unclear which are subject to the “iron clad” promise – and which aren’t.

There’s one part of that document coming into focus – with sources telling me that it could get changed.

And it’s this – a little-known buffer built into the rules.

It’s outlined in paragraph 3.6 on page four of the Charter for Budget Responsibility.

This says that from spring 2027, if the OBR forecasts that she still actually has a deficit of up to 0.5% of GDP in three years, she will still be judged to be within the rules.

In other words, if in spring 2027 she’s judged to have missed her fiscal rules by perhaps as much as £15bn, that’s fine.

Rachel Reeves during a visit to Cosy Ltd.
Pic: PA
Image:
A change could save the chancellor some headaches. Pic: PA

Now there’s a caveat – this exemption only applies, providing at the following budget the chancellor reduces that deficit back to zero.

But still, it’s potentially helpful wiggle room.

This help – this buffer – for Reeves doesn’t apply today, or for the next couple of years – it only kicks in from the spring of 2027.

But I’m being told by a source that some of this might change and the ability to use this wiggle room could be brought forward to this year. Could she give herself a get out of jail card?

The chancellor could gamble that few people would notice this technical change, and it might avoid politically catastrophic tax hikes – but only if the markets accept it will mean higher borrowing than planned.

But the question is – has Rachel Reeves ruled this out by saying her fiscal rules are iron clad or not?

Or to put it another way… is the whole of the 19-page Charter for Budget Responsibility “iron clad” and untouchable, or just the rules themselves?

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Is Labour plotting a ‘wealth tax’?

And what counts as “rules” and are therefore untouchable, and what could fall outside and could still be changed?

I’ve been pressing the Treasury for a statement.

And this morning, they issued one.

A spokesman said: “The fiscal rules as set out in the Charter for Budget Responsibility are iron clad, and non-negotiable, as are the definition of the rules set out in the document itself.”

So that sounds clear – but what is a definition of the rule? Does it include this 0.5% of GDP buffer zone?

Read more:
Reeves hints at tax rises in autumn
Tough decisions ahead for chancellor

The Treasury does concede that not everything in the charter is untouchable – including the role and remit of the OBR, and the requirements for it to publish a specific list of fiscal metrics.

But does that include that key bit? Which bits can Reeves still tinker with?

I’m still unsure that change has been ruled out.

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LA sheriff deputies admit to helping crypto ‘Godfather’ extort victims

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LA sheriff deputies admit to helping crypto ‘Godfather’ extort victims

LA sheriff deputies admit to helping crypto ‘Godfather’ extort victims

The Justice Department says two LA Sheriff deputies admitted to helping extort victims, including for a local crypto mogul, while working their private security side hustles.

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