Investigation update - 18/03/2011

Over the past month Translegal has been investigating a number of Insurance Claims. We have delved thoroughly into these various files and found that over 80% of them have proven fraudulent. These range from from thefts, through to inflation of claims.

Our success rate in these investigations have displayed our prowess in this field, with accurate data collating, field investigating, interviewing and associated duties.

We pride ourselves on being at the top of our field in this line of work.

Retail Loss Prevention - 13/03/2011

Retail loss prevention is a form of investigation into theft. The focus of such investigations generally includes; shoplifting, package pilferage, credit fraud and cheque fraud.

Store personnel that are hired for this task are known as; loss prevention agents, loss prevention officers, asset protection agents investigators and security guards.

The objective is to maximize profits through reducing retail theft, also known as shrinkage.

According to the 2006 National Retail Security Survey, retailers suffered an average annual inventory shrinkage percentage of 1.57% in 2006. According to the survey, shrink is divided into the following 4 categories;

• 46.8% from employee theft
• 31.6% from shoplifting
• 14.4% from administrative error
• 6.61% from unknown error

If you have any concerns with shrinkage, enquires relating to retail loss prevention or you are having difficulty with any of the above matters, please contact Gary Swan.

Gary Swan managing Director of Translegal Services has 25 years experience reducing shrinkage for such retail giants as Progressive Foods. In one particular case he coordinated the breaking up of a $375,000 shoplifting ring and stated; "this shoplifting ring was so organised, they were handing out invoices to the recipients of their stolen goods".

Welcome to Translegal Services News

As Auckland's leading private investigation and security company, we want to keep our clients up to date with the latest developments and news in the field. To this end we are starting this news page. More in depth information will be available by subscribing to our Newsletter - coming soon.