$1 million Apple gift card scam Apple
employee in New York accused of using fake credit card to purchase Apple worth nearly $1 million!
According to a press release issued Tuesday by Queens District Attorney Richard A. Brown, the 24-year-old Queens man was charged with grand theft and re-encoding of credit and debit cards while working at the Apple store in Queens' Central Department Store for three months this year.
The ironically named Brian Profit allegedly used these tampered cards to legally purchase Apple gift cards totaling $997,000!
When he was arrested on Friday night, he was also charged with possession of a counterfeit instrument and other stolen property.
Apple apparently began receiving chargeback notifications earlier this month. When the perpetrator was arrested, he was in possession of 51 cards with recoded magnetic stripes.
There is no further information about the re-coding, but it is known that the data on the magnetic stripes of credit cards, also known as track data, can be used to very easily create counterfeit cards.
Retailers in the US are gradually starting to adopt more secure credit cards that incorporate microchips rather than magnetic stripes.
