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SCARS|RSN™ Scam Basics: What’s Up With Gift Cards?

Why Do Scammers Ask For Gift Cards?

Partly it is because they are easy to purchase – especially in the United States, Canada, and the United Kingdom. It is also because they are easy to send and receive through pictures – the scammer just needs the information printed on the card. And easy to sell for cash money in their own country.

Money transfer and banking are becoming increasingly difficult for scammers. After all, Western Union and MoneyGram have paid more than USD$1.2 Billion dollars in fines. They are learning to shut scammers off.

Banks are similarly feeling the heat from regulators, plus money laundering laws trigger an immediate review for large amounts.

So repeated money transfers can raise red flags. Better to preserve money transfers and banking for larger amounts and for business scams.

Git cars are also easy to obtain – you can get them almost anywhere, and they are easy to send the value – they just need the serial numbers to liquidate. This is especially true of Google Play and iTunes cards.

It Is Really Not Complicated.

As other forms of money transfer tighten up, the scammers are forced to look at other means to steal the money from their victims. Fungible gift-cards are then logical.

 

 

SCARS the Society of Citizens Against Relationship Scams Incorporated

 

SCARS|RSN™ Team
A SCARS Division
Miami Florida U.S.A.

 

 

TAGS:  Scammer Money, Victim’s Money, Stolen Money, Gift Cards, Google Play Cards, iTune Cards, Fungible Asset, Transferable, Resellable, Easy To Send,

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FAQ: How Do You Properly Report Scammers?

It is essential that law enforcement knows about scams & scammers, even though there is nothing (in most cases) that they can do.

Always report scams involving money lost or where you received money to:

  1. Local Police – ask them to take an “informational” police report – say you need it for your insurance
  2. Your National Police or FBI (www.IC3.gov »)
  3. The SCARS|CDN™ Cybercriminal Data Network – Worldwide Reporting Network HERE » or on www.Anyscam.com »

This helps your government understand the problem, and allows law enforcement to add scammers on watch lists worldwide.

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