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Coupon Fraud On The Rise As Recession Continues

July 1, 2009: 03:05 AM EST
Coupon industry watchdog Coupon Information Corp. (CIC) reports coupon fraud has surged from nine cases in 2007 to 93 cases since 2008, a trend expected to rise as the recession continues. Major consumer product manufacturers revealed in a survey that redemption of counterfeit coupons is costing them millions of dollars in losses. A dog food manufacturer alone reported over 2700 coupons redeemed for the 250 coupons it issued for a free bag of dog food. CIC met with manufacturers in Washington, D.C. last week to bolster their efforts to curb coupon fraud. The National Retail Federation, however, said retailers have limited choices in controlling coupon usage.
Kate Zhao , "Retailers and Manufacturers Fight Coupon Fraud_07-01-09 ", Wall Street Journal, July 01, 2009, © Dow Jones & Company, Inc
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