$1.3 Million in cards stolen from Buffalo, NY area store

[BobbyVCP]

Sounds fishy to me, 1.3 Million over what 500 days that means they are taking out over $2000 of inventory a day. You would think that it would take them less then a month to realize something was seriously wrong in that store. And it's not like the store is loaded with high end vintage material. The report showed a lot of jerseys and most likely newer cards. So they would basically have to fill up a truck every day with merchandise.

[WhenItWasAHobby]

Originally Posted by BobbyVCP

Sounds fishy to me, 1.3 Million over what 500 days that means they are taking out over $2000 of inventory a day. You would think that it would take them less then a month to realize something was seriously wrong in that store. And it's not like the store is loaded with high end vintage material. The report showed a lot of jerseys and most likely newer cards. So they would basically have to fill up a truck ever day with merchandise.

Bobby,

I was thinking the same thing - especially when you have to file income tax reports on a quarterly basis, one would think the bookkeeper would have figured something wasn't adding up rather quickly.

Of course when insurance is involved, those 1989 Donruss baseball boxes are now suddenly worth $300 each.

[jhs5120]

Originally Posted by BobbyVCP

Sounds fishy to me, 1.3 Million over what 500 days that means they are taking out over $2000 of inventory a day. You would think that it would take them less then a month to realize something was seriously wrong in that store. And it's not like the store is loaded with high end vintage material. The report showed a lot of jerseys and most likely newer cards. So they would basically have to fill up a truck every day with merchandise.

There are multiple stores (which could explain why it wasn't noticed immediately) and they stole modern unopened boxes and cases.

Those things can go for a couple grand a pop. I think one of the articles said that they were taking entire pallets of some items! I would imagine a pallet of some of that new high-end crap can go for five figures..

On a side note, I'm shocked that this business was able to stay open with essentially an extra $1.3 million in losses! I'm sure this next year will be a very very very good one by comparison.

[Rollingstone206]

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