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Minnesota State University, Mankato
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IC3 Issues Alert on Gift Card Scams

Alert Number I-061115-PSA

FBI warns consumers of fraudulent resale of gift cards.

2015-06-15

The Internet Crime Complaint Center (IC3) has released an alert warning consumers of fraudulent resale of gift cards.

The online Secondary Gift Card Market lets consumers resell unwanted gift cards. Various gift card scams reported to the IC3 are as follows:

  • Victim sells a gift card on an auction site, receives payment for the sale, and sends the PIN associated with the gift card to the buyer, who disputes the charge after using the gift card.
  • Victim purchases an item on an auction site and is advised by the seller to purchase gift cards to pay for the transaction. After purchasing thousands of dollars in gift cards, the victim finds out the auction transaction is a scam.
  • A Secondary Gift Card Market site agrees to pay a victim for a discounted merchant gift card. The victim sends the code on the gift card, and the payment for the transaction was reversed. Thus, the buyer uses the gift card code to purchase an item and stops payment to the seller

Please review Alert Number I-061115-PSA at http://www.ic3.gov for more details on avoiding gift card fraud.

For information on shopping safely online see US-CERT Security Tip ST07-001.

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