Facts About Coupon Fraud

How much fraud is there?
No precise studies are available. However, industry sources estimate that losses due to coupon fraud exceed $500 million annually. The CIC has successfully worked with law enforcement officials on individual coupon fraud cases ranging from a few thousand dollars to more than $87 million.



When does a fraud occur?
A coupon is valid only when presented by a consumer to a retailer in conjunction with a purchase of the brand, size, and quantity of the product specified by the coupon. If submitted in any way other than that detailed by the issuing manufacturer, a misredemption occurs. Misredemptions can constitute a violation of Federal and/or State law.



How are coupons obtained for use in frauds?
They are stolen or otherwise obtained from newspapers that carry coupon inserts; from magazine wholesalers; from newspaper vending machines, and from recycling centers. They also are collected in other ways for example, from members of organizations such as church groups and other charities that are paid to collect and cut the coupons. There are even companies that advertise that they purchase pre-cut coupons. There also have been several cases of coupons being counterfeited.

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* Money saved in 2006: $10,000.00
* Total Savings in 2007:$13,003.51
*Money saved in 2008:$15,982.06