South China Morning Post CENTER (0.0) Reliability: 7.5/10

Gangs in China exploiting US gift cards to move stolen cash, DHS says

📅 October 19, 2025 04:46 AM 🕐 Scraped: October 19, 2025

Summary: Stolen cards are used to buy goods like iPhones, which are then sold in China, with the proceeds converted into digital currency.

Gift cards, one of the most basic financial products in the US retail market, have become the backbone of a billion-dollar criminal economy that investigators say is moving American money into China.

Homeland Secu

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🌍 South China Morning Post

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October 19, 2025 at 04:46 AM

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