Last Sunday, two 18-year-old boys from San Angelo were apprehended for allegedly embezzling over $1 million from Walmart during their employment at the store. The accused individuals, Ryan Munoz and Carmelo Amigleo, are currently incarcerated with a bond of $350,000 each, awaiting their impending legal proceedings.
Authorities received a tip about the ongoing theft from Walmart by the teenage employees, prompting them to launch an investigation on July 24th. Just four days later, the suspects were apprehended in nearby residences without any resistance.
The authorities have not yet disclosed whether the pair made off with cash or merchandise, but what is known is that the value of the stolen items exceeded $1 million.
SAPF Chief Travis Griffith held a press conference on Monday, urging local citizens to provide any information they have about the major theft. As the investigation continues, authorities are seeking the public’s assistance in solving the case.
According to the 2024 GITNUX Report, Walmart experiences an annual loss of approximately $3 billion as a result of theft, with employee theft alone accounting for about 43% of these losses. Shockingly, statistics reveal that a theft incident occurs in a Walmart store roughly every 48 seconds. On average, each shoplifting occurrence costs Walmart around $200. These staggering figures highlight that the company’s annual losses surpass the annual revenue of several Fortune 500 companies, providing a clear perspective of the magnitude of the issue.
