Former Target Vice Chairman Gerald Storch addressed the 'acceleration in crime' nationwide as the company announced it would close several locations over violence.
Former Target Vice Chairman Gerald Storch joins 'FOX & Friends' to explain how the internet has caused an 'acceleration' in crime.as the popular retailer announced it would close its doors in a series of liberal cities amid public safety concerns.
"It just makes you want to cry because we have worked so hard to get stores into markets like this," StorchWednesday. "Every company I've ever worked at we worked so hard because it's good for the community to have stores that can offer products with great value in these environments. We know it's going to be tough, but it's good for business, and it's good for the community. What's going on right now, though, is an acceleration in crime.
"Why is the internet a bad thing? Usually, it's a good thing. First of all, it helps all the gangs organize. So they get together through social media and say, 'show up here now and let's do it together.' Secondly, the marketplace on the internet is the ultimate fencing operation. It's like a flea market on steroids for getting rid of the product.
"It's not… just simple, like people do locally, just steal stuff, post it on the internet, get the money. Sometimes it's many, many layers of distribution before it even gets anywhere near a marketplace, and by the last layer could be a legitimate business person who's buying this from some guy with a warehouse."You can say they should know it's stolen. I would know it's stolen," he continued.
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