Erin Joseph Finan, 38, and Leah Jeanette Finan, 37 – an Indiana couple – has admitted that it stole more than $1.2 million in merchandise from the online retailing giant in an elaborate scheme. The reports by news site Star Press says that the couple pleaded guilty in Indianapolis in a federal court to charges of money laundering and mail fraud in connection with the racket.
Couple admits that they stole $1.2M from Amazon through elaborate scam
Erin Joseph Finan and Leah Jeanette Finan purchased hundreds of electronics like Samsung Smartwatches, Xboxes and Go Pro cameras and later told the online retailer that the products were not working. The duo requested replacements at no charge.
For doing this and to conceal the scam, the duo created several hundred false identities. According to prosecutors, the Finans sold “the loot to Danijel Glumac who marked it up before reselling it to an unnamed New York outfit.” In May, Fox59 reported about this news when the trio – Erin Joseph Finan, Leah Jeanette Finan and Danijel Glumac (28 year old) – were busted.
Glumac was charged for the scam as well and he allegedly paid the Finans about $725,000. At the time, US Attorney John Minkler said “Consumer fraud is absorbed by all of us through higher retail prices.” The merchandise was resold on the black market eventually. The Finans, who will face up to 2 decades in prison, were ordered to repay $1.2 million to the e-commerce company. The sentencing for the couple is set for Nov. 9 this year.
Amazon AWS saved its customers around $500M
Andy Jassy, the CEO of AWS, told the audience of technology executives at Gartner Symposium on Monday that the AWS (Amazon Web Services) initiative has saved its customers $500 million now. Jassy said, “We don’t want to make money from customers that aren’t getting value from us.” He added, “We’re trying to build relationships that lost a long time.”
Jassy did a 30-minute interview at the annual event in Orlando, Florida with Gartner analyst Daryl Plummer. Plummer hit Jassy with some interesting feedback and data from the large audience of 7,500 IT and business leaders. The survey of Gartner reported that according to 95% of respondents, the most confusing thing about AWS was the bill, said Plummer.
The AWS chief attributed that data to the fact that AWS released over 1,000 new services and features last year and is going to release over 1,200 this year. He said, “It’s daunting to keep up with all the features we’re launching.”