© 2024 KOSU
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

Gift card scammers steal billions: How the U.S. is cracking down on fraud

Gift cards are displayed at a Target store, in New York, Thursday, Dec. 21, 2023. (Richard Drew/AP)
Gift cards are displayed at a Target store, in New York, Thursday, Dec. 21, 2023. (Richard Drew/AP)

The Department of Homeland Security has launched a task force to crack down on gift card fraud.

The grift goes like this: Criminals steal gift cards from a store display, copy the numbers and slap on a new barcode. Then they place the cards back on a rack, ready for an unwitting customer to load their own money onto a tampered card that the criminal can steal.

Federal agents say the scheme is coordinated, tied to Chinese organized crime, and totals billions of dollars.

Here & Now‘s Robin Young speaks with ProPublica reporter Craig Silverman.

This article was originally published on WBUR.org.

Copyright 2024 NPR. To see more, visit https://www.npr.org.

Tags
KOSU is nonprofit and independent. We rely on readers like you to support the local, national, and international coverage on this website. Your support makes this news available to everyone.

Give today. A monthly donation of $5 makes a real difference.
Related Content