Gift Card Resources

investment in discount home depot gift cards?? ever hear of this?

I was at a party and a ratehr wealthy person (investment guy) says that he buy like 300k of home depot credit cars at approx 60-70% of face value and then resells them at 85%. He claims to be making quite a bit of money doing this.... anyone ever hear of this? Why would home depot do this? etc... thanks

Public Comments

1. this is a scam - and its an illegal practice. Don't even think about getting involved in this. This is federal - and will not be pretty when he is caught.
2. you should email his name to www.irs.gov. i just heard about this investment this morning, i'm trying to find out more, too.
3. If it sounds to good to be true, it probably is. I am guessing these are all stolen cards. A store is not going to give that much of a discount. But you could possibly make some money if you are willing to turn the investment guy into the FBI for selling stolen property.
4. Its illegal and the IRS is not the agency you notify on this FBI is more correct plus letting home depot know is a help as well.
5. The Colombian Cartels have been doing this for years. The "Gift Cards" are fake.