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@JDB, @Bervios admittedly this is not helpful to the OP, however you’re missing the fact that the (presumably ex) officer was convicted of “Going Equipped to Cheat” – this is not the same as stealing. He was basically using something to try and obtain something he wasn’t entitled to. If it had been possible to prosecute him for stealing points or avios, it would have been much more straightforward, but they didn’t do this, and I contend that this is due to loyalty points having zero monetary value. The reference to them being “worth” 1p simply means (for the lay reader of such news articles) that that is what you can exchange them for at Tesco. If they had a monetary value, it would be possible to realise them for cash, which you can’t.
The press report these cases for lay people to digest so don’t need to explain these nuances.

Now please bring on some of these other cases you claim exist in the library!

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