New investigation:
U.S. consumers lose an estimated $5 billion a year to fraud involving gift cards, while the industry exploits regulatory loopholes and delays solutions.
Our new #investigation teamed up a fraud and forensic accounting professor and a Pulitzer Prize-winning reporter.
We tell the story through 83-year-old victim Mae, who was brave enough to share her story of losing thousands of dollars:
#news #journalism #fraud #MediaIndustry
The ‘fear bubble’:
You might read stories like Mae’s and believe you would never fall victim, but the AARP warns people of a ‘fear bubble’ – an induced state of panic that makes rational thought difficult.
Under stress, anyone can fall victim.
https://theconversation.com/gift-card-scams-generate-billions-for-fraudsters-and-industry-as-regulators-fail-to-protect-consumers-and-how-one-83-year-old-fell-into-the-fear-bubble-236439
#investigation #news #crime