This alert may not be shared outside your organization, Do Not Repost or send, place on other websites, List servers, or send to others via email, including other associations or parties. Members and Law enforcement use only. Contact us for any permissions. To do otherwise will result in the loss of membership.
Complete Story
12/05/2023
Police warn of 'card-draining' scam that impacted over 100 gift cards at local stores
All Members
PHILADELPHIA - Police are warning shoppers of an ongoing gift card scam known as "card draining" that recently impacted over 100 gift cards at a Pennsylvania grocery store.
The scam, according to police, involves thieves removing a gift card from store shelves and carefully procuring the card's information before returning it to the rack.
When a victim unknowingly purchases a compromised gift card, police say the thieves use the stolen card number and pin-codes to drain the card's value.
University of San Diego Finance Professor, Dan Roccato, had this to say about the scammers, "They’re looking at gift card purchases and basically stealing the numbers before the consumer buys the card."
The New Britain Township Police department reported over 100 Visa Vanilla and Apple gift cards were recently compromised at a local Giant grocery store.
Alerts
The FRPA alert system distinguishes us from other groups by gathering and providing information to law enforcement, retailers AND financial institutions.
more informationResources
Your electronic library to help in fighting financial fraud for all of our partners.
more information