All four men are facing several felony charges for forging gift cards and stealing the money when they are activated. (Photos courtesy of LMDC)
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St. Matthews Police said they recovered thousands of altered give cards from various retailers, resulting in millions of dollars stolen.
Police in Louisville said gift card are being tampered with and ending up back on the shelves for sale, a local problem the Better Business Bureau said is part of a national trend.
According to the Kentucky Retail Federation, stores lost an estimated $2 billion to theft in 2023, double the $990 million reported in 2022.
