Have you heard about the declined debit card override scam? If not, a recent case involving a young Florida man offers an eye-opening lesson for business owners.
Investigators say the man was able to make more than $300,000 in fraudulent purchases from Apple stores across the country, using a simple scam that's somewhat ingenious. Sharron Laverne Parrish Jr., 24, allegedly made 42 purchases at Apple stores in 16 states by using a declined debit card override scam known as the "forced code" or "forced sale" scam, reports Business Insider.
How does the scam work, and what can you do to avoid being victimized by it?