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Authorities in San Angelo detained two juveniles last Sunday on charges related to a year-long theft of nearly $1 million from Walmart.
The suspects were hired by the retail giant. In anticipation of their day in court, Ryan Munoz and Carmelo Amigleo are incarcerated on a $350,000 bail.
On July 24th, investigators started digging into a tip that lead them to the young workers at Walmart and their massive, pervasive stealing. No problems arose with the pair’s arrest four days later when they were located in neighboring residences.
Whether the two made off with goods or money is still a mystery, but the theft was more than $1 million.
Chief Travis Griffith of the South African Police Force (SAPS) issued a press conference last Monday, urging locals to come forward with any information about the big heist so that the police can continue their investigation.
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Theft costs Walmart an estimated $3 billion annually, with personnel theft accounting for about 43% of that total (GITNUX Report, 2024) in the retail giant’s finances. Walmart experiences a shoplifting incident around every 48 seconds, according to statistics. As a general rule, Walmart loses $200 for every event of shoplifting. Consider this: the company’s yearly loss exceeds the income of multiple Fortune 500 organizations.
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