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Committee backs new offense targeted at organized gift-card fraud after industry testimony
Summary
The committee passed a bill creating an offense for possession and tampering with inactive gift cards linked to organized retail fraud after testimony from industry and law enforcement described sophisticated tampering schemes and enforcement challenges.
Representative Gullett presented House Bill 447 (substitute LC 280681S) to address organized retail theft and gift-card fraud. He described a method industry witnesses said criminals use: removing packages of inactive gift cards, extracting the card numbers and PINs in a warehouse, resealing packaging, returning cards to shelves and then draining funds immediately after activation by legitimate purchasers.
Ben Bridal, vice president and senior division counsel for InComm Payments, testified at length about the sophistication of these schemes. He described actors who "unseal the…
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