Urgent.News

One page, thousands of outlets. See who else covered it.

Editions

Tech

Senior PC store staff accused of running secret rival shop with stolen inventory — Hong Kong retailer claims substantial losses over year-long scheme

A PC retailer in Wan Chai's Computer Zone 298 mall in Hong Kong, has accused two of its senior employees of stealing company stock for roughly a year and reselling it.

Senior PC store staff accused of running secret rival shop with stolen inventory — Hong Kong retailer claims substantial losses over year-long scheme

Future Technology, a PC retailer in Hong Kong, has accused two senior employees of stealing inventory for a year and selling it through a secret online store. The company has referred the case to Hong Kong police, and the ICAC has warned customers of Point Connect, the store allegedly run by the employees, to come forward as their purchases may be stolen goods.

The two accused, Chung and Wong, are long-serving employees with one holding a management position. They reportedly exploited their knowledge of the store's operations to move goods over the year and sell them through Point Connect. The retailer has CCTV footage, inventory records, and employee chat logs as evidence. The ICAC referral is based on suspected breaches of the Prevention of Bribery Ordinance and theft allegations.

Future Technology runs its own online store, making the accused employees' activities a direct competition to the company's e-commerce business. The company's losses are not yet quantified, but an audit and stock count are underway, with civil claims and criminal proceedings expected. Point Connect has strongly denied the allegations, calling them "seriously untrue and maliciously fabricated," and threatening legal action.

Neither the police nor the ICAC has confirmed an investigation, and no charges have been reported. Insider theft of inventory for resale online is not new in the industry, with a UK product manager recently jailed for stealing $250,000 worth of PC hardware that an accomplice sold on eBay.

Written by urgent.news from Tom's Hardware's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at tomshardware.com →

More in Tech

More from Monday 17 August →