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

1 min read
Source: Yahoo Finance
"Apple Settles iTunes Gift Card Scam Lawsuit Amid Allegations of Complicity"
Photo: Yahoo Finance
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.

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