Content about Ethics

March 1, 2012

A man recently released from prison after serving two years for five shoplifting convictions was arrested on Feb. 29 -- for shoplifting.

January 24, 2012

The U.S. Government Accountability Office (GAO), in a recent study on the effectiveness of real estate appraisals, found that the Appraisal Subcommittee, which oversees the regulatory programs established by the states, has not adequately performed its duties because of underfunding and other problems.

January 12, 2012

According to an article in The Republic of Columbus, Ind., a man convicted of burglary and theft of a hardware store received a sentence of 17 years in prison.

Robert Owen Luetke, 44, was found guilty of the felonies in a case that involved the theft of copper wire and tubing from Country Bins hardware store in Columbus, Ind. Luetke, who was found to be a habitual offender, was also ordered to pay the hardware store $450. 

December 9, 2011

A convicted felon who participated in a theft ring that targeted Lowe’s pleaded guilty in an Indiana court on Dec. 6 to a single charge of corrupt business influence, according to an article in The Journal Gazette. 

October 19, 2011

Shoplifting, employee or supplier fraud, organized retail crime and administrative errors cost the retail industry $41.7 billion in the United States in 2011, representing 1.6% in sales, according to the Global Retail Theft Barometer released Tuesday by Checkpoint Systems. Of that, $18.4 billion was attributed to employee theft, $14.9 billion to shoplifters, $6.6 billion to internal error and $1.8 billion to suppliers.

October 6, 2011

An Albuquerque man arrested for allegedly stealing from Home Depot and Lowe’s on multiple occasions was using homeless people to return the merchandise for refunds, according to a news report on KRQE.

Rodney Segura was apprehended inside a Lowe’s store on Sept. 28 by detectives who had been following the suspect, according to the report. Lowe’s loss prevention officers said they also had Segura under surveillance.

September 1, 2011

The Securities and Exchange Commission (SEC) has announced a settlement with the former chief financial officer of Beazer Homes USA to recover his bonus compensation and stock sale profits from the period when the Atlanta-based home builder was committing accounting fraud, according to an Aug. 30 announcement. 

August 1, 2011

Shoplifters and dishonest employees stole more than $7 billion last year from just 23 major retailers, according to the 23rd Annual Retail Theft Survey conducted by Jack L. Hayes International. These 23 surveyed retailers apprehended more than 1 million shoplifters and dishonest employees in 2010 and recovered more than $148 million from these thieves. 

July 8, 2011

The U.S. Department of Labor's Occupational Safety and Health Administration (OSHA) has cited a Home Depot store in Chicago for two repeat and one serious alleged safety violations, including failing to remove damaged equipment from service and train employees on safety procedures. The company faces proposed penalties of $55,000.

June 14, 2011

Shoplifting, employee theft and organized crime have combined to boost retail shrinkage to 1.58%, according to the National Retail Federation (NRF). These preliminary results, compiled from a survey conducted by Dr. Richard Hollinger of the University of Florida, compare with a 1.44% shrinkage rate in 2009.

According to the survey, total retail losses cost retailers $37.1 billion last year, up from $33.5 billion in 2009. NRF’s recently released Organized Retail Crime survey found that 95% of retailers have been victims of organized retail crime over the last 12 months.

June 8, 2011

The U.S. Environmental Protection Agency (EPA) announced today that it is moving to ban the sale of “the most toxic” consumer rat and mouse poisons, as well as most loose bait and pellet products. The agency is also requiring that all newly registered rat and mouse poisons marketed to residential consumers be enclosed in bait stations so children and pets cannot access the pesticide.

May 31, 2011

Suspects are being sought by federal authorities for allegedly stealing $130,000 worth of merchandise from Lowe’s by smuggling it out in toilet and sink boxes, according to an article in the Seattle Post Intelligencer. 

May 6, 2011

Two brothers charged with stealing $1,000 worth of tools from several Home Depots in Northern California have taken a plea bargain, according to an article in the Chico Enterprise Record.

Yevgeniy Ivakhov, 24, and Valeriy Ivakhov, 19, pleaded guilty on May 4 to one felony count each of receiving stolen property in a Butte County Superior Court. The Ivakhovs had faced additional charges of second-degree commercial burglary and grand theft.

April 20, 2011

Five individuals dressed in black and carrying flashlights and burglary tools were arrested April 19 outside the North Carolina Lowe’s store damaged by a tornado, according to an article in the Sanford Herald. 

March 17, 2011

A man accused of breaking into a hardware store in Flint, Mass., was arrested on the fourth anniversary of the burglary, according to an article in the Herald News.

March 14, 2011

A man who worked at a Raleigh, N.C., lumberyard was arrested and jailed on March 9 for allegedly using a credit card belonging to his employer, according to an article in the News and Observer. 

Kendryl Direlle Garner, 42, was accused of making $797.40 in unauthorized purchases in April using the credit card of his employer, American Woodyards, a supplier of custom, cut and specialty lumber. 

January 31, 2011

A man already convicted of forgery and grand larceny in New York State is also facing a federal indictment that accuses him of gift card scams at Home Depot and Lowe’s totaling $78,800, according to an article in the Buffalo News.

January 3, 2011

 

A man suspected of using stolen credit cards and personal checks to make purchases from a Northern California Home Depot was arrested after sales associates noticed a variety of credit card orders were being shipped to the same residence, according to an article in the San Francisco Chronicle. 

November 11, 2010

Bruce Karatz, the former chief executive of KB Home, received a sentence of five years...

October 31, 2010

Beware the employee impersonator....

October 19, 2010

A shoplifting suspect who may have impersonated a Lowe’s employee was arrested on Oct. 13...

September 5, 2010

Employees and customers are becoming more adept at stealing, but hardware dealers can stem their...

July 15, 2008

The Retail Industry Leaders Association has voiced its support of recently introduced legislation that aims...

July 14, 2008

James P. Robinson pleaded guilty late last week to three felony counts stemming from a...

© 2014 Home Channel News. All Rights Reserved.