Business
Shoplifters Love Lego. The Colorful Plastic Toy Bricks Are A Gold Mine For Criminals
Some shady personalities are making an unwelcome appearance in the Lego fandom, which is well-known to include children, teenagers, and adult collectors—and for all the wrong reasons.
Lego products, particularly the more expensive sets that cost $1,000 or more, are highly sought after by both lone shoplifters and larger organized retail crime rings. This is because the sets, which are displayed on store shelves, can be sold for a healthy profit through both legal and illegal channels.
Lego | CNN Image
Shoplifters Love Lego. The Colorful Plastic Toy Bricks Are A Gold Mine For Criminals
Miguel Zuniga is still coping with the June 18 break-in at his Bricks & Minifigs Lego resale franchise store in Lomita, Los Angeles County.
Around five in the morning on Tuesday, the Lego heist took place.
“The ADT security system called while I was sleeping. My wife then received a call. We were being robbed, so I went directly to the cameras,” Zuniga said to CNN.
Within ten minutes, he arrived at his store, but the robbers had left with an estimated $5,000 to $7,000 worth of Legos.
Retail crime specialists told CNN that Lego sets that have been stolen are easy to resale, usually difficult to track down, and, if they are in immaculate condition and unused, can fetch a price that’s not too far off the original retail price. Even well-maintained old sets might fetch 50% of their original cost.
Several states have had Lego thefts in recent months.
According to CNN affiliate KABC, authorities in California detained two individuals earlier this month in relation to a retail crime ring that reportedly stole thousands of Lego toys from multiple Southern California businesses.
According to a police statement cited in the story, more than 2,800 boxes of Lego toys, each with a retail value ranging from $20 to over $1,000, were found by LAPD detectives.
Police in Philadelphia have recorded several Lego set thefts in the last several months from stores like Barnes & Noble and Target; the stolen sets have been valued anywhere from $250 to $1,000 per. Target informed CNN that it was unable to provide any information regarding Lego thefts at its locations. An inquiry for comment was not immediately answered by Barnes & Noble.
Additionally, police in Richmond, British Columbia, just north of the border, found and confiscated more than a thousand pilfered toys in March. Lego sets and other soft toys valued at over $150,000 were among the pilfered items.
Among the most often taken goods
Lego sets are frequently in the top 10 most stolen retail products, along with branded jeans, purses, designer shoes, Olay skincare products, and Apple devices, according to experts, despite the difficulty in obtaining reliable statistics.
“Lego is different. Read Hayes, director of the Loss Prevention Research Council, which has Walmart, Target, Home Depot, and Gap as members, and a criminologist at the University of Florida, said, “The brand is always refreshing their offerings, always on trend with tie-ins to pop culture and special edition sets.”
Hayes told CNN that his company collaborates with most stores who sell Lego merchandise in addition to Legoland theme parks. “There is always a demand.”
Lego | CNN image
Shoplifters Love Lego. The Colorful Plastic Toy Bricks Are A Gold Mine For Criminals
Because of this, there is a growing market for counterfeit goods, particularly on the internet, in addition to the market for stolen Lego products.
Lego violations are nothing new to Wichita, Kansas, police captain Casey Slaughter, who oversees the department’s property crimes section.
Slaughter told CNN, “We see Lego toys as one of the more frequently stolen items in our area.” “Lego theft can happen to any retailer selling the brand, but there are also a few secondhand stores that specialize in Lego that have emerged as resellers.” They are under attack.
Lego thieves find it easy money, he claimed. He claimed that it was hard to find out where they were taken from.
Wichita Police looked into 19 Lego thefts between January 8, 2024, and May 7, 2024, according to information the police agency sent CNN. The information showed that among the stolen items were sets from the Back to the Future, Indiana Jones, and Star Wars movies.
When contacted for comment, Lego referred CNN to online tools on its website to teach customers how to recognize phony Lego products and online businesses.
Since April, a number of Bricks & Minifigs locations in California have experienced thefts.
“This is most likely our fourth or fifth Lego-themed hit. Regarding the heist of Zuniga’s store, Captain Calvin Mah of the Los Angeles County Sheriff’s Department’s major crimes section stated in an interview with CNN that “they happen quickly, 30 seconds to a minute.”
“I could see that they were aiming for particular Lego pieces when I watched the security footage. They had a clear idea of what they wanted. They were looking for the uncommon or collectible sets, the high-end and high-value ones, he claimed.
Lego | CNN Image
Shoplifters Love Lego. The Colorful Plastic Toy Bricks Are A Gold Mine For Criminals
When Zuniga told CNN about the robbery, she became tearful.
On the day of the break-in, Zuniga cleaned his store and then went home to take a shower.
He remarked, “I sent a bat signal to the community when I came back to come and support us in our time of need.” Consumers arrived; some even gave away their Lego sets. To stock empty shelves, he purchased Lego kits that were marked down at the neighborhood Target.
“The first customer that came in at nine in the morning was a 71-year-old who had built some of the most expensive Lego sets,” Zuniga recalled, sobbing uncontrollably. He’s a legend in our community. He arrived crying.
SOURCE – (CNN)
Microsoft’s online gaming and digital media network, Xbox Live, experienced a massive outage Tuesday, and thousands of customers reported issues accessing it.
According to monitoring site Downdetector, user-reported Xbox Live difficulties began to surge at 2:15 p.m. ET Tuesday. At 2:25 p.m., the site had received over 23,000 outage reports, with more than three-fourths indicating login troubles. Some Xbox Live customers reported getting an error message indicating that the service was undergoing “scheduled maintenance.”
Xbox | XBox Image
Xbox Live Goes Down In Nearly Seven-Hour Outage
Other Microsoft-operated services, such as Minecraft and the Microsoft Store, also received many user issue reports on Downdetector.
The official Xbox Support account on X stated at 2:55 p.m. ET, “We are aware that some users have been disconnected from Xbox Live. We are conducting an investigation!” The notice led visitors to the Xbox status page, which was later modified to indicate that a serious outage of the “Account & Profile” service was reported at 2:07 p.m. ET.
Xbox
Xbox Live Goes Down In Nearly Seven-Hour Outage
“You may be unable to sign in to your Xbox profile, disconnected while signed in, or experiencing other related issues,” the statement on the Xbox status website read. “Features that require sign-in like most games, apps and social activity won’t be available.”
To play online games and access additional experiences on the Xbox console, Windows PC, and Xbox mobile apps, users must first create an Xbox Live account (which is free).
SOURCE – Variety
(CTN News) – General Access Solutions, the company that owns the patent, has been ordered to collect $847 million from Verizon, a major telecommunications carrier in the United States.
According to the information that was provided by The Register, a federal jury in East Texas ordered Verizon to pay General Access the money that was owing to it.
This was stated in the material. The reason for this was that General Access had broken two patents, which led to this situation. As a consequence of this change.
For General Access, Verizon is now responsible for making payments.
According to the decision that was handed down by the court a week ago, the total amount is comprised of a “reasonable royalty” of $583 million for infringing on US Patent No. 7,230,931 (the ‘931) patent, as well as an additional $264 million for infringing on the other patent, which is 9,426,794 (‘794).
The total amount in question is $583 million. The sum in dispute comprises a total of 583 million dollars. Five hundred and eighty-three million dollars is the entire amount that is under question.
According to the allegations, Verizon has committed a violation of the patents that General Access possesses which pertain to the technologies of 5G and hotspots. These patents are related to the technologies that are accessible to the general public without restriction.
General Access was the purchaser of the patents, which had been developed by Raze Technologies, the firm that had bought them. On the other hand, General Access said that some components of Verizon’s 5G wireless networks, smartphone hotspots, wireless home routers, and MiFi devices are in breach of the company’s intellectual property rights.
Raze Technologies was the company that successfully completed the acquisition of the patents offered by General Access.
2001 was the year that both patent applications were initially submitted to the appropriate authorities. The year in which everything began was the year in question.
In the initial complaint that the firm has submitted, it says that the base station technology that Verizon has been deploying is in violation of the 931 patent that it possesses.
This is stated in the complaint that the company has filed. As an additional point of disagreement, the business asserts that the wireless devices produced by Verizon that are capable of receiving 4G and 5G cell signals are in violation of its ‘794 patent. This is due to the fact that these devices route information to mobile stations by abusing 802.11 WiFi communications protocols. This is an additional contentious factor to consider.
In answer to a question that was posed about the patents, Verizon provided a statement in which it suggested that the patents were invalid due to the fact that there was either no written description or the patents were not “fully enabled.”
Verizon’s response to the inquiry is as follows:
According to the official response, this was the response. On the other hand, the members of the jury did not accept this line of thinking in any manner, shape, or form and refused to accept it in any way.
Verizon disclosed that the company will be appealing the verdict in a statement that was issued to DCD. The statement was sent to provide information about the case.
Despite the fact that we have a great deal of respect for the court system, we are unable to express our agreement with the verdict that was reached by this particular jury. As part of our efforts to reverse the verdict that was handed down today, we are going to file an appeal, and we are also going to continue searching for administrative remedies.
In line with a statement that was released by a spokesperson for Verizon, this does not imply the fact that the situation has been resolved.
According to Law 360, Ericsson, a Swedish component manufacturer, is also vehemently opposed to the verdict. The business has declared that it will support any challenge that Verizon takes forward, and it has stated that it will defend itself against any other challenge. The company Ericsson is widely recognized as a frontrunner in the business when it comes to the creation of components.
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To navigate the climate proposal, BlackRock employs a new voting policy.
Alibaba will discontinue its data center operations in India and Australia.
Google Falling Short Of Important Climate Target, Cites Electricity Needs Of AI
(VOR News) – The $10.5 trillion money BlackRock manager’s assets will vote differently on shareholder proposals than the funds that have specific climate change mandates. This is BlackRock’s most recent attempt to navigate the political rift over decarbonization.
The world’s biggest asset management said in a statement on Tuesday that clients of funds with a climate focus will now be allowed to voice their opinions aggressively in shareholder resolutions pertaining to decarbonization.
All of BlackRock’s funds are susceptible to climate risk.
Still, funds that follow its recently released “climate and decarbonization stewardship guidelines” will evaluate whether or not companies are really attempting to keep the rise in world average temperature to 1.5 degrees Celsius over pre-industrial levels.
The Paris Agreement, which over 200 nations joined, set this goal as the optimal threshold.
The head of BlackRock, Larry Fink, was a vocal early proponent of integrating sustainability into the investment process. In his letter to investors for the 2020 annual meeting, he raised the topic of climate change, but he has subsequently faced criticism from all sides.
With the new stewardship policy, BlackRock is attempting to reconcile US regulations compelling fund managers to focus on financial returns with the expectations of its clients in Europe and the US, who want the company to promote decarbonization.
In a letter to clients, Joud Abdel Majeid, Global Head of Stewardship at BlackRock, said that the policy will start to apply to 83 funds in the fourth quarter. $150 billion worth of assets are held by these funds, all of which are headquartered in Europe.
Conservatives in the US are starting to push back, denouncing the movement as “woke capitalism.” This is true even if a large number of progressives and investors in Europe favor advancing the effort to limit global warming as quickly as is practical.
The boards of directors of funds with a special responsibility for climate change in the United States and Asia will be asked if they would like to carry out the policy later this year. The climate-related option that BlackRock intends to offer will also be available to clients who invest through independently managed accounts.
“BlackRock will continue to undertake our stewardship responsibilities with a sole focus on advancing clients’ long-term financial returns in line with our benchmark policies,” Abdel Majeid stated.
“BlackRock will continue to handle all other funds.”
As a result, the climate-focused funds might adopt stances on business votes related to fossil fuels and other decarbonization-related issues that are completely at odds with those of the other funds in the group. They will follow BlackRock’s primary criteria for additional environmental, social, and governance considerations in all other cases.
Since the spike in energy prices that coincided with Russia’s full-scale invasion of Ukraine two years ago, BlackRock has been the subject of intense political discourse. Conservatives have tried to limit or boycott the company’s offerings. Simultaneously, proponents of climate change expressed their annoyance at the company’s sharp drop in backing for shareholder resolutions related to the issue.
Since then, the asset manager has claimed that a large number of recently passed shareholder resolutions by businesses were unduly prescriptive and did not support customers’ financial interests.
BlackRock withdrew its support from Climate Action 100+, an investor group founded to motivate companies to combat global warming, at the beginning of this year. Instead of carrying on with global participation, it chose to move membership to its smaller foreign subsidiary.
BlackRock has also implemented a policy that gives institutional clients and some retail investors authority over how their shares are voted on proxy matters.
Investors may choose to entrust BlackRock with their vote or they can choose from over a dozen policies created by proxy advisers Institutional Shareholder Services and Glass Lewis through the “voting choice” scheme.
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Google Falling Short Of Important Climate Target, Cites Electricity Needs Of AI
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