Month: October 2015

Apple Store Employee Accused of Stealing $1 Million Worth of Gift Cards

AppleStoreNYAs the result of an internal investigation, Apple Store employee in New York was arrested and charged with a number of crimes, including grand larceny, for purchasing $997,000 worth of gift cards using recoded credit and debit cards.

According to NBC Channel 4 News, Ruben Profit conducted his illegal operation out of Apple's Queens Center Mall location, where he would use Visa and American Express gift, debit and pre-paid credit cards to load up multiple Apple gift cards and sell them to an unidentified third party at heavily discounted rates. Profit has been an Apple retail employee since December 2013.

Apple caught wind of the scheme when it began to receive charge-backs on the fraudulent gift cards being circulated by Profit. An investigation started sometime in October.

The fraudster told authorities he would be compensated $200 for each $2,000 Apple gift card. When he was arrested, Profit reportedly had seven Apple gift cards worth $2,000 each in his possession, as well as 51 Visa and American Express gift cards that were re-encoded with credit card information.

It is not entirely clear where Profit obtained the valid credit card information to be encoded onto surrogate cards, but similar gambits in the U.S. have used stolen data posted to the so-called "Dark Web." Recoding magnetic swipe cards with information from another account is a form of fraud.

If convicted, Profit could face up to 15 years behind bars.

Via: NBC News Channel 4 New York / AppleInsider.com

Apple Adds 75 More Federal Credit Unions and Banks to Apple Pay

ApplePayLogoMid Tuesday, Apple has added 75 more Federal Credit Unions and Banks to its Apple Pay Network, including the giant HSBC Banking establishments.

The following are a list of them:

    • Achieva Credit Union
    • Alcoa Pittsburgh Federal Credit Union
    • Alliance Credit Union
    • AmeriServ Financial Bank
    • APCO Employees Credit Union

 

  • Bank of American Fork
  • Bridgewater Savings Bank
  • Community Bank & Trust
  • Cross Keys Bank
  • Directions Credit Union
  • Eagle Bank
  • East Texas Professional Credit Union
  • Eastman Credit Union
  • Eaton Family Credit Union
  • FedEx Employees Credit Association
  • First Bank of Newton
  • First National Bank of Granbury
  • First Northern Credit Union
  • First State Bank of Colorado
  • First United Bank
  • First Western Trust
  • Fleur de Lis Federal Credit Union
  • Generations Federal Credit Union
  • Guaranty Bank Trust
  • Hastings City Bank
  • Haven Savings Bank
  • Heartland Bank
  • Heritage First Bank
  • HomeTown Bank
  • HSBC
  • IH Credit Union
  • Impact Bank
  • Jeanne D' Arc Credit Union
  • Johnson Bank
  • Kennebec Savings Bank
  • LBS Financial Credit Union
  • Lewiston State Bank
  • MainStreet Bank
  • Marlborough Savings Bank
  • Marquette Savings Bank
  • MAX Credit Union
  • Members First Credit Union of Florida
  • Merco Credit Union
  • Miami Postal Service Credit Union
  • Monson Savings Bank
  • Ocean Communities Federal Credit Union
  • OceanFirst Bank
  • Omni Community Credit Union
  • One Bank & Trust
  • P1FCU
  • PeoplesBank
  • PeoplesChoice Credit Union
  • Perfect Circle Credit Union
  • Phenix-Girard Bank
  • Planters Bank & Trust Company
  • Point West Credit Union
  • Public Service Credit Union
  • Quest Federal Credit Union
  • Red Crown Federal Credit Union
  • Semiconductor of Maine Federal Credit Union
  • Service Credit Union
  • SIU Credit Union
  • Solarity Credit Union
  • Solidarity Community Federal Credit Union
  • Sterling Bank & Trust
  • Team One Credit Union
  • Texas Dow Employees Credit Union
  • The Park Bank
  • TMG Financial Services
  • Velocity Community Federal Credit Union
  • VisionBank
  • Western Rockies Federal Credit Union
  • Whitney Bank
  • York County Federal Credit Union

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