MEMPHIS, Tenn — Some charges have been dismissed against a Memphis man accused of stealing $200,000 worth of merchandise from a Nike Employee Store in Frayser, according to court records.
Court records show the charges against Steven Busby in the Nike theft, as well as charges in a separate stolen vehicle case, were dismissed May 9, 2024, due to "lack of prosecution."
Busby is out of jail on bond after it was reinstated in another case. A grand jury indicted Busby in a separate case involving an aggravated assault at a restaurant in March 2023. Busby also remains charged in separate drug and weapons cases.
Nike thefts
Memphis Police said about 4 a.m., Thursday, Sept. 7, 2023, a Nike store security guard said they were taking their lunch break inside their car when they suddenly heard a "loud boom" and saw a man open the door to a storage trailer before calling their supervisor.
When MPD arrived, they said five vehicles, four sedans and one pickup truck sped away from the store at 3205 Victory Ridge Cv. with their lights off.
Investigators said they found the back gate to the store open and the chain cut. They also found boxes thrown around near the back of the store and a tractor-trailer with its contents rummaged through and opened, MPD said.
According to the store manager, the suspects stole around $200,000 worth of merchandise.
Later that same morning, Shelby County Sheriff's deputies and SWAT executed a warrant at two different locations. The affidavit said a search turned up drugs and paraphernalia, loaded guns, and several boxes of new Nike shoes and apparel with tags. Investigators said they also found a stolen Dodge Ram 1500 in the backyard.
The affidavit said Busby denied anything in the home was his except some clothing in suitcases. Investigators said they found mail addressed to Busby at that home.
Once in custody, detectives said they learned Busby had an active warrant for aggravated assault, which according to the affidavit involved a fight at a restaurant on March 6, 2023, where Busby was accused of pulling a gun and threatening the victims.
Busby had also previously been convicted for aggravated assault in 2019 according to the affidavit.
Two others at the scene of the warrant search were also charged with drug offenses.
