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A Connecticut couple has been charged in Minnesota with being part of a shoplifting ring suspected of stealing around $1 million in goods across the country from the upscale athletic wear retailer Lululemon. Jadion Anthony Richards, 44, and Akwele Nickeisha Lawes-Richards, 45, both of Danbury, Connecticut, were charged this month with one felony count of organized retail theft. Both went free last week after posting bail bonds of $100,000 for him and $30,000 for her, court records show. They're due back in Ramsey County District Court in St. Paul on Dec. 16. According to the criminal complaints, a Lululemon investigator had been tracking the pair even before police first confronted them on Nov. 14 at a store in suburban Roseville. The investigator told police the couple were responsible for hundreds of thousands of dollars in losses across the country, the complaints said. They would steal items and make fraudulent returns, it said. Police found suitcases containing more than $50,000 worth of Lululemon clothing when they searched the couple's hotel room in Bloomington, the complaint said. RELATED STORY | Florida social media influencer arrested for stealing from Target According to the investigator, they were also suspected in thefts from Lululemon stores in Colorado, Utah, New York and Connecticut, the complaint said. Within Minnesota, they were also accused of thefts at stores in Minneapolis and the suburbs of Woodbury, Edina and Minnetonka. The investigator said the two were part of a group that would usually travel to a city and hit Lululemon stores there for two days, return to the East Coast to exchange the items without receipts for new items, take back the new items with the return receipts for credit card refunds, then head back out to commit more thefts, the complaint said. In at least some of the thefts, it said, Richards would enter the store first and buy one or two cheap items. He'd then return to the sales floor where, with help from Lawes-Richards, they would remove a security sensor from another item and put it on one of the items he had just purchased. Lawes-Richards and another woman would then conceal leggings under their clothing. They would then leave together. When the security sensors at the door went off, he would offer staff the bag with the items he had bought, while the women would keep walking out, fooling the staff into thinking it was his sensor that had set off the alarm, the complaint said. Richards' attorney declined to comment. Lawes-Richards' public defender did not immediately return a call seeking comment Monday. "This outcome continues to underscore our ongoing collaboration with law enforcement and our investments in advanced technology, team training and investigative capabilities to combat retail crime and hold offenders accountable," Tristen Shields, Lululemon's vice president of asset protection, said in a statement. "We remain dedicated to continuing these efforts to address and prevent this industrywide issue." The two are being prosecuted under a state law enacted last year that seeks to crack down on organized retail theft. One of its chief authors, Sen. Ron Latz, of St. Louis Park, said 34 states already had organized retail crime laws on their books. "I am glad to see it is working as intended to bring down criminal operations," Latz said in a statement. "This type of theft harms retailers in myriad ways, including lost economic activity, job loss, and threats to worker safety when crime goes unaddressed. It also harms consumers through rising costs and compromised products being resold online." Two Minnesota women were also charged under the new law in August. They were accused of targeting a Lululemon store in Minneapolis.Israeli war cabinet approves ceasefire deal with Hezbollah
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CARMEL, Ind. , Nov. 26, 2024 /PRNewswire/ -- Merchants Bancorp ("Merchants") MBIN , parent company and registered bank holding company of Merchants Bank of Indiana ("Merchants Bank"), today announced that on January 2, 2025 it will redeem all outstanding shares of its 6.00% (reset to 9.42% as of October 1, 2024 ) Fixed-to-Floating Rate Series B Non-Cumulative Perpetual Preferred Stock ("Series B Preferred Stock") MBINO at the liquidation preference of $25.00 per share. Dividends on the Series B Preferred Stock of $0.59 per share that were declared and announced on November 20, 2024 will be paid separately on January 2, 2025 . Accordingly, the redemption price of the Series B Preferred Stock will not include any accrued and unpaid dividends. On and after the redemption date, all dividends on the shares of Series B Preferred Stock will cease to accrue. Merchants will redeem the Series B Preferred Stock using cash on hand. Merchants has notified Nasdaq of its intention to voluntarily delist the Series B Preferred Stock and a Notification of Removal from Listing on Form 25 will be filed with Securities and Exchange Commission on or prior to the redemption date. Merchants expects the delisting to become effective on or about January 2, 2025 , from which time the Series B Preferred Stock will no longer be traded on Nasdaq. Merchants has received all necessary regulatory approvals to redeem the Series B Preferred Stock. Payment of the redemption price for the Series B Preferred Stock will be sent to holders by the Merchants' transfer agent, Computershare Trust Company, N.A., on the redemption date. Merchants also announced that its Board of Directors declared an initial quarterly cash dividend of $7.84 per share (equivalent to $0.196 per depositary share) on the Company's outstanding shares of its 7.625% Series E preferred stock MBINL that was issued on November 25 , 2024. The dividends will be provided to shareholders of record on December 13, 2024 , payable on January 2, 2025 . ABOUT MERCHANTS BANCORP Ranked as a top performing U.S. public bank by S&P Global Market Intelligence, Merchants Bancorp is a diversified bank holding company headquartered in Carmel, Indiana operating multiple segments, including Multi-family Mortgage Banking that offers multi-family housing and healthcare facility financing and servicing; Mortgage Warehousing that offers mortgage warehouse financing; and Banking that offers retail and correspondent residential mortgage banking, agricultural lending, and traditional community banking. Merchants Bancorp, with $18.7 billion in assets and $12.9 billion in deposits as of September 30, 2024 , conducts its business primarily through its direct and indirect subsidiaries, Merchants Bank of Indiana , Merchants Capital Corp., Merchants Capital Investments, LLC, Merchants Capital Servicing, LLC, Merchants Asset Management, LLC, and Merchants Mortgage, a division of Merchants Bank of Indiana . For more information and financial data, please visit Merchants' Investor Relations page at investors.merchantsbancorp.com . View original content to download multimedia: https://www.prnewswire.com/news-releases/merchants-bancorp-announces-redemption-of-its-series-b-preferred-stock-and-declares-quarterly-preferred-dividends-on-series-e-preferred-shares-302316614.html SOURCE Merchants Bancorp © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.Yang Niuhua, for her part, has been steadfast in her claims against Yu Hua Ying, insisting that she has been wronged and demanding fair compensation for the damages she has suffered. Despite facing strong opposition and numerous legal challenges, she has remained determined to see the case through to its conclusion.
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