Gift Cards and Employee Retail Theft
Retail theft by employees has always been a problem, but gift cards make it easier:
At the Saks flagship store in Manhattan, a 23-year-old sales clerk was caught recently ringing up $130,000 in false merchandise returns and siphoning the money onto a gift card.
Many of the gift card crimes are straightforward, frequently involving young sales clerks and smaller amounts than the Saks theft. Among the variations of such crimes, cashiers often do fake refunds of merchandise and then, with the amount refunded, use their registers to electronically fill gift cards, which they take. Or sometimes when shoppers buy gift cards, cashiers give them blank cards and then divert the shoppers' money onto cards for themselves.
That last tactic is particularly Grinch-like.
Posted on January 7, 2010 at 5:46 AM • 26 Comments