Last Sunday, Ryan Munoz and Carmelo Amigleo, both 18-year-old boys from San Angelo, were arrested on charges of stealing over $1 million from Walmart. The duo committed the crime over a year while employed at the superstore. Currently, they have a bond set for $350,000 and are in jail awaiting trial.
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Authorities received a tip regarding a significant theft operation at Walmart, which was being carried out by teenage employees. Acting on this lead, investigators launched their inquiry on July 24th. After just 4 days, the suspects were located in nearby residences and taken into custody without any trouble.
It remains unclear whether the pair made off with cash or merchandise, but what is known is that the value of the theft was over $1 million.
Chief Travis Griffith of SAPF held a press conference on Monday urging local citizens to provide any information they may have regarding the recent major theft. Further investigation is currently ongoing.
The 2024 GITNUX Report revealed that Walmart suffers an enormous loss of $3 billion annually due to theft. Shockingly, 43% of this loss is attributed solely to employee theft. It’s staggering to learn that someone shoplifts from a Walmart store every 48 seconds, with each incident costing the company an average of $200. To put it into perspective, the amount of Walmart’s annual loss is even greater than the revenue generated by several Fortune 500 companies.
