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Five Indicted for Conning Target, Shoppers Out of Nearly $800K

A federal grand jury has charged five members of a fraud ring with compromising the internal gift-card system at Target and defrauding both the company and its customers out of nearly $800,000. Between May and December 2017, the perpetrators allegedly stole $785,000 in gift card balances and sold illegally purchased products and gift cards for bitcoin over an online marketplace. Target altered its gift card system in December 2017 and put an end to the operation. All those indicted are being charged with wire fraud, which is punishable by up to 20 years in prison.”]

Source: https://www.darkreading.com/attacks-breaches/five-indicted-for-conning-target-shoppers-out-of-nearly-800k

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