“She trained herself in the various techniques needed to manipulate barcodes to make these coupons work,” Special Agent Shannon Brill said in an FBI release. Talence, which is believed to be the mastermind of the scheme, will create counterfeit coupons with discounts “near or above” the retail price of an item.
Talence did not use fraudulent coupons on its own. The FBI said it sold them to customers it met on social media and communicated with them using an encrypted messaging app. The agency said Talens was paid more than $400,000 in digital currencies such as bitcoin and occasionally “exchanged coupons for stolen rolls of specialty paper stores used to print coupons.” was done.”
The three-year plan was discovered by the Coupon Information Corporation, which received a tip that someone was making fraudulent coupons and mailing them. A group of manufacturers said it lost $125,000 from counterfeit coupons linked to Talence.
In September, Talens was sentenced to 12 years in prison for “executing a counterfeit coupon fraud scheme” that, according to the Justice Department, amounted to $32 million in damages to retailers and manufacturers. Her husband was sentenced to 7 years in jail as he was aware of the scheme and benefited from it.
Credit : www.cnn.com