Baby Formula Professional ORC duo hitting Wal-Mart in Kenner, Louisiana Shawn M. Waguespack, 36, worked with an unknown accomplice May 18 to steal the formula, valued at $446.40, or $14.88 a can, said Kenner Police Chief Steve Caraway. Police believe he planned to sell the formula. He is also accused of stealing infant formula at a Mississippi Walmart in January, police said. Police said Waguespack hid the formula in a baby carrier in his shopping cart, and rammed his cart into a detail officer who tried to stop the theft, police said. After a struggle, that officer arrested Waguespack and booked him with theft of goods. Professional thieves, called "boosters," who resell baby formula on the street or to a local mom and mop shop, net 10 to 30 cents on the dollar, LaRocca said. More profitable and less risky is reselling online, which nets 70 to 80 percent on the dollar, LaRocca said. (Source nola.com)