Today I announced the indictment of 12 alleged members of a massive criminal theft and fencing ring that infiltrated New York and 27 other states across the country – marking one of the largest-ever busts of a retail theft ring. A 41-count indictment, unsealed in New York Supreme Court today, charged the 12 alleged co-conspirators with enterprise corruption, money laundering, criminal possession of stolen property and conspiracy. If convicted, each of the defendants face between 8 to 25 years behind bars.
Learn more about the Attorney General's inVEST Partnership to help New York law enforcement purchase bulletproof vests for officers: http://bit.ly/1jikAD0. And follow the hashtag #NYinVEST on Twitter for updates.
In 2013, A.G. Schneiderman launched an investigation Insider Trading 2.0, or the early release of market-moving data to elite traders. Anyone who knows of related schemes can report it to his office at 800-771-7755.