"Apple Settles iTunes Gift Card Scam Lawsuit Amid Allegations of Complicity"

TL;DR Summary
Apple has agreed to settle a lawsuit alleging that the company allowed scammers to exploit its gift cards, resulting in victims losing "hundreds of millions of dollars." The scam involved tricking individuals into purchasing iTunes or App Store gift cards and sharing the codes with the scammers. Apple was accused of keeping a 30% commission from these fraudulent transactions. The settlement terms have been agreed upon and are being drafted for court approval.
Topics:business##apple#consumerfraud#itunesgiftcardscam#law-and-government#lawsuitsettlement#legalnews
- Apple agrees to settle lawsuit over iTunes gift card scam Yahoo Finance
- Report: Apple Reaches Settlement Terms on Gift Card Scam Lawsuit PYMNTS.com
- Apple to settle lawsuit alleging it knowingly allowed gift card scams Proactive Investors Australia
- Apple Reaches Deal With Scam Victims In Gift Card Suit Law360
- Apple Settles Lawsuit Alleging Complicity In Gift Card Scam BW Businessworld
Reading Insights
Total Reads
0
Unique Readers
1
Time Saved
1 min
vs 2 min read
Condensed
77%
315 → 73 words
Want the full story? Read the original article
Read on Yahoo Finance