DALLAS — Three men accused of committing $14 million in gift card fraud were arrested and jailed in Dallas County, officials said.
Kristians Petrovskis, Romunds Cubrevics and Nurmunds Ulevicus are suspected of gift card cloning and had more than 400 gift cards in their possession, according to a press release from the Texas Financial Crimes Intelligence Center.
The scheme involves the theft of unactivated gift cards from retail store kiosks, opening the gift card packaging, copying the electronic number off the card, then re-sealing the gift card packaging and returning it to the kiosk at the store, the release states…