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In 2023, card draining and other gift card-related fraud made up $217 million of the record-high $10 billion in money lost from scams nationwide.
When Denise Brown peruses the tightly packed gift card display at her local CVS in Harlem, New York, she sees the perfect present for her grandson: a Sony PlayStation gift card. Others, acting in bad faith, see these gift card displays as easy money in one of the country’s costliest and most common consumer scams: […] The post As consumers lose millions to gift card scams, lawmakers pressure businesses appeared first on Alaska Beacon.
When Denise Brown peruses the tightly packed gift card display at her local CVS in Harlem, New York, she sees the perfect present for her grandson: a Sony PlayStation gift
In 2023, card draining and other gift card-related fraud made up $217 million of the record-high $10 billion lost from scams nationwide.
State attorneys general, legislatures try to combat gift card scams with consumer alerts, arrests, warning signs on store displays