Three women were arrested by the Phoenix police department for what is believed to be the largest counterfeit coupon scam in history. Investigators found over $25 million in forged coupons during the investigation. The ring leader of the fraudulent operation had been mailing valid coupons to an international source who was mass producing counterfeit copies of the coupons. The coupons were then sold on various websites like Ebay and Savvyshopper. The coupons offered enormous discounts on products causing huge losses for the manufactures. The women are facing charges of fraud, forgery, counterfeiting, and operating a criminal enterprise.
What do American families look for in a down economy? Ways to save money, says Fraud Expert Linda Webb, aka The Fraud Dog. The fraudster is preying upon America’s heartstrings, because whatever America needs the most, is exactly where the fraudster will target their efforts. The faceless fraudster doesn’t care if it takes your last hard earned dollar. The scam artist doesn’t care whether you need to feed your family or keep a roof over your head. What the fraudster does know is that you want to find ways to save money so that you can stretch your hard earned money to help your family. The fraudster doesn’t care who they hurt as they are just out to steal from you. 1 out of 3 American’s will be victims of fraud this year alone. Don’t be the one that the fraudster targets. Be careful, do your due diligence, and if it sounds too good to be true, it just might be the fraudster looking to scam you, says Linda Webb, The Fraud Dog