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Virginia retail theft law

This article was originally published in The Tan Sheet

Executive Summary

Penalties ranging from two to 20 years of imprisonment possible for larceny with intent to distribute under Organized Retail Theft law taking effect July 1. Infant formula, OTC drugs among products frequently targeted by ORT rings. Law also provides for separate felony penalty for each conspirator if sum of stolen goods exceeds $200. According to Norfolk-based Retail Alliance, ORT cost state $26.6 mil. in sales tax revenues in 2001 and costs retailers about $32 bil. annually...
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