Last Sunday, two 18-year-old boys hailing from San Angelo found themselves in hot water after being accused of pilfering over $1 million from Walmart. Ryan Munoz and Carmelo Amigleo, who were employed by the superstore at the time, were promptly arrested. With a bond of $350,000 each, the duo currently awaits their day in court behind bars.
Authorities received a tip about the ongoing theft from Walmart by the teenage employees, which prompted them to initiate an investigation on July 24th. Just four days later, the suspects were apprehended in nearby homes without any resistance.
There is still no indication as to whether the couple stole cash or products, but the theft exceeded $1 million.
According to the 2024 GITNUX Report, Walmart suffers a staggering loss of $3 billion annually as a result of theft, with a significant 43% of this total attributed to employee theft. Shockingly, statistics reveal that a shoplifting occurrence takes place in a Walmart store approximately every 48 seconds. Each incident of shoplifting, on average, costs Walmart around $200. This means that the company’s yearly losses exceed the annual revenue of several Fortune 500 companies, underscoring the magnitude of the problem.
