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:
“The childless experts on child raising also bring tears of laughter to my eyes when they say, “I love children because they’re so honest.” There is not an agent in the CIA or the KGB who knows how to conceal the theft of food, how to fake being asleep, or how to forge a parent’s signature like a child.”
—Bill Cosby (20th century)