Twelve charged in alleged $2 million cargo theft ring at Nike's Memphis hub

Federal prosecutors charged 12 people in an alleged conspiracy to steal Nike merchandise from the company's Memphis logistics center from July 2021 to about June 2024. The scheme allegedly used shipping labels that Nike staff applied to chosen cartons, with the goods collected by resellers. These are allegations, and the alleged loss is at least $2 million.

• 12 people indicted; all face a conspiracy charge
• Alleged period: July 2021 to about June 2024
• Alleged value: at least $2 million of Nike product
• One defendant also faces a substantive interstate transportation charge