Technique
technique:gift_card_laundering
Also: giftcard laundering
Converting stolen gift-card codes through secondary markets, typically at a discount, to make the proceeds difficult to recover.
Converting stolen gift-card codes through secondary markets, typically at a discount, to make the proceeds difficult to recover.
“there is quite a — well, shall we say a black market for giftcard numbers?”
“you have completely, cleanly washed that money”
| Direction | Predicate | Other entity | Origin | EP |
|---|---|---|---|---|
| incoming | USES | technical support scam | Explicit | 143 |
| incoming | USES | refund scam | Explicit | 143 |
technical support scam USES gift-card laundering
Technical-support scammers use gift cards as a payment method and launder the card numbers through secondary markets.
Explicit Confidence 98% · Jim Browning EP 143 Details
“As soon as you read out that number, that’s as good as them taking the value of that card because they can launder that almost immediately”
refund scam USES gift-card laundering
In the described refund scam, the victim is pressured to return the supposedly excess refund using gift vouchers.
Explicit Confidence 98% · Jim Browning EP 143 Details
“He spends the next few minutes explaining that he’s going to need $5,000 worth of Apple gift vouchers”