A Samsung Electronics Co. Ltd. (LON:BC94) (KRX:0059935) factory in Brazil was recently robbed by aggressive thieves who stole roughly $36 million in merchandise. It is reported the thieves car jacked one employee shuttle and held 100 factory employees on hostage while stealing truckloads of smartphones, tablets, and computers.
The Samsung factory incident
There was about 20 bandits involved in this incident, seven of them stopped the shuttle on the way to the factory while their associates took six employees to a remote location where they were released. The group then took the last remaining two employees to the factory and disarmed the security guards. They also kept all the workers together to prevent them from contacting anyone.
Voss Capital is betting on a housing market boom
The Voss Value Fund was up 4.09% net for the second quarter, while the Voss Value Offshore Fund was up 3.93%. The Russell 2000 returned 25.42%, the Russell 2000 Value returned 18.24%, and the S&P 500 gained 20.54%. In July, the funds did much better with a return of 15.25% for the Voss Value Fund Read More
Samsung is looking into the incident with local authorities
The heist took place in a factory in Campinas, a town 60 miles north of Sao Paulo. Fortunately, no Samsung employees were harmed during the heist. The South Korean tech giant claimed insurance will cover costs of the theft. The company issued a statement in which it said the incident was regrettable and that police are currently investigating the situation. Samsung also said the company is cooperating with authorities as an effort to resolve the case.
Heists like this recent Samsung incident are nothing new. During New Year’s Eve 2013, there was an armed robbery at a Paris Apple Inc. (NASDAQ:AAPL) retail store. The thieves stole iPhones, iPad tablets, and other merchandise totaling about $1.25 million. Prior to that incident, about $1.9 million worth of iPad Minis were stolen at the John F. Kennedy airport in New York. One employee was later arrested after it was reported he asked fellow employees about the shipment times and where he could obtain a forklift. The employee, who went by the name of Renel Rene Richardson, worked at the same Cargo Air Services building the tablet shipments were stolen from.