Hernandez Organization Responsible For $6M Losses

The Los Angeles Police Department have recently made arrests of two individuals of the “Hernandez Organization” allegedly responsible for purchasing stolen goods from shoplifters in the Los Angeles area.

Authorities suspect that the Hernandez Organization is responsible for purchasing over $6 million worth of stolen goods, including infant formula, diapers and health and beauty products during the past few months. Multiple bank accounts at four separate banks have also been connected to the criminal activity and have recently been seized by authorities.

Undercover police responded to an advertisement offering to buy all types of infant formula, leading to meetings with members of the criminal enterprise and the ultimate purchase of retail goods identified as being stolen, by members of the Hernandez Organization.

Police were able to identify members of the criminal group and locations where stolen goods were being stored, leading to six arrest and 15 search warrants being issued.

“The two people arrested were booked on suspicion of grand theft, commercial burglary, receiving stolen property, conspiracy, wire fraud and money laundering”. More arrest are still pending.

Source(s): myFoxla.com:   http://www.myfoxla.com/dpp/news/local/two-arrested-in-commercial-theft-ring-20100819