Greg's Corner

Rare Chance to Recover Gift Card Scam Losses

By Greg Collier

For those who have fallen victim to gift card fraud in the past year and a half, there may be a rare opportunity to recover lost funds. Federal authorities have launched a restitution program targeting a global fraud operation that funneled millions of dollars through New Hampshire.

This initiative, led by federal investigators and prosecutors, is an effort to return money to victims who unknowingly purchased fraudulent gift cards or were coerced into sending them as part of scams. While scams of this nature are unfortunately common, restitution opportunities are not. It is important to recognize this as an exception rather than the rule. In most cases, once money is lost to fraud, it is nearly impossible to retrieve.

Authorities uncovered a sophisticated scheme in which fraudulently obtained gift cards were used to purchase high-end electronics, primarily Apple products, which were then resold overseas. Investigators linked the operation to a warehouse in Salem, New Hampshire, where millions of dollars in goods were seized. Those involved in the fraud have pleaded guilty and await sentencing, but law enforcement is now turning its attention to the victims, seeking to provide some measure of financial relief.

Victims who had funds stolen through this scam between October 1, 2023, and January 11, 2024, may be eligible to submit claims for restitution. Specifically, those who purchased gift cards from major retailers such as Apple, Walmart, Target, and Best Buy should provide their gift card numbers and proof of purchase to federal investigators before the June 30 deadline.

It is essential to remain cautious when dealing with scams and potential recovery offers. Outside of official government channels like this one, anyone claiming they can recover lost money is likely running a scam themselves. Fraudsters frequently target those who have already been scammed, preying on their desperation to recover funds. Legitimate restitution efforts are rare and always handled by law enforcement, not private individuals or companies offering to ‘get your money back’ for a fee.

As fraud schemes become more sophisticated, public awareness remains one of the strongest defenses. Anyone affected by this scam is encouraged to share their experience, helping others recognize red flags before falling victim. Staying vigilant and reporting suspicious activity can make a difference in preventing further financial losses within the community.

For those who believe they may qualify for restitution, contact Homeland Security Investigations via HSINewEnglandVictimAssistance@ice.dhs.gov with the required documentation before June 30.