Refund theft, also known as refund fraud, refund scam or whitehouse scam, is a crime which involves returning goods to a retailer in exchange for money or other goods. The goods returned may be stolen, or they may be damaged goods recovered from a dumpster. The return provides cash or an exchange for more desirable items. Other schemes involve sealing weights or other simulated merchandise in the original product packaging, or switching labels on items to purchase them at a lower price and then returning them for their original value.
Read more about Refund Theft: Combating Refund Theft
Famous quotes containing the word theft:
“Men are not therefore put to death, or punished for that their theft proceedeth from election; but because it was noxious and contrary to men’s preservation, and the punishment conducing to the preservation of the rest, inasmuch as to punish those that do voluntary hurt, and none else, frameth and maketh men’s wills such as men would have them.”
—Thomas Hobbes (1579–1688)