LoJack Summarizes 2006 Equipment Recoveries
December 19, 2006 • Westwood, Mass.-based LoJack Corp. unveiled its third annual wrap-up of the year's top recoveries involving stolen mobile assets, including construction equipment, that were equipped with the LoJack System. The in-vehicle tracking device has led to the recovery of more than $3 billion in global assets.
In the wrap-up, LoJack uncovered new thievery trends, such as identity theft and selling stolen goods online, which mirror the information age in which we live. It also found that organized theft rings continue to be the key driver of all types of theft.
“From a review of our 2006 recovery stories, it's clear that organized crime rings continue to drive theft and are using some new means • like online sales of stolen parts • to profit from their illegal activities,” said Richard T. Riley, Lojack's chairman and chief executive officer.
LoJack's biggest construction theft ring bust in 2006 occurred when the Los Angeles Police Department and the California Highway Patrol tracked down a LoJack-equipped Ingersoll Rand skid steer and discovered a theft ring with more than $750,000 of stolen construction equipment. The criminals used stolen identities to rent and steal the equipment, and they were planning on shipping overseas to
