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Money How this Indiana couple stole $1.5 million from Amazon

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

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An Indiana couple has pled guilty to charges of federal mail fraud and money laundering resulting from an elaborate plot that fleeced Amazon out of over $ 1 .2 million in A third party, Danijel Glumac, then helped the couple move the stolen items and also advised them on how to stay unnoticed by Amazon .

An Indiana couple has pleaded guilty to stealing more than $ 1 .2 million in merchandise from Amazon . A U.S. attorney said they bought hundreds of electronics items from Amazon using hundreds of fake online identities.

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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.

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— A couple from Indiana has admitted to stealing $ 1 .2 million in merchandise from Amazon . U.S. Attorney Josh Minkler said the couple bought hundreds of electronics items from Amazon using hundreds of fake online identities.

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 .

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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.

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Indiana couple pleads guilty to stealing $ 1 .2 million from Amazon . Danijel Glumac, helped the couple move the stolen items and then also advised them on how to stay unnoticed by Amazon .

According to the Department of Justice Monday, a couple in Muncie, Indiana scammed the online retail giant Amazon out of $ 1 .2 million worth of electronics. — A Muncie couple have formally admitted to stealing more than $ 1 .2 million in ‘Shell-Shocked’ in Hawaii: How Lava Overran a Neighborhood.

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.

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— A couple from Indiana has admitted to stealing $ 1 . 2 million in merchandise from Amazon . We all know how the Amazon Fire Phone introduced in 2014 was a high-profile flop, relegated to the scrap heap a year later.

INDIANAPOLIS – An Indiana couple has admitted stealing more than $ 1 .2 million in merchandise from Amazon in an elaborate scheme. Crimetracker News. 4 Indiana residents allegedly stole 5K through fraudulent veteran funds.

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.

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The couple pleaded guilty and faces up to 20 years in prison for stealing $ 1 .2 million in electronics from Amazon . This Couple Scammed Amazon Out of $ 1 .2 Million . That’s how they scored the GoPro digital cameras, Microsoft Xboxes, Samsung smartwatches, and Microsoft Surface tablets that

To find out more about Facebook commenting please read the Conversation Guidelines and FAQs. Couple admits to stealing $ 1 .2 million from Amazon . CLOSE. According to the Department of Justice Monday, a couple in Muncie, Indiana scammed the online retail giant Amazon out of $ 1 .2

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.

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