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Retail crime 'queenpin' faces five years in prison, millions in restitution - TL;DR CNBC

Retail crime 'queenpin' faces five years in prison, millions in restitution

Publishing timestamp: 2024-07-19 15:38:09


Summary

Michelle Mack, the leader of a nationwide organized retail crime operation targeting Ulta Beauty and other major retailers, has been sentenced to five years and four months in state prison and ordered to pay millions in restitution. She oversaw a multimillion-dollar operation where stolen items were resold on Amazon. Mack's husband also received the same sentence. The couple must pay restitution to Ulta and Sephora. Mack ran her operation from her mansion in California and made millions reselling stolen items. Other members of the crew are facing charges as well.


Sentiment: NEGATIVE

Tickers: AMZN,  ULTA, 

Keywords: california,  dave kimbell,  breaking news: business,  san diego,  crime,  business news,  retail industry,  business,  ulta beauty inc,  amazon.com inc, 

Source: https://www.cnbc.com/2024/07/19/michelle-mack-retail-crime-queenpin-sentenced.html


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