(InvestigateTV) — Whether it’s for a holiday or birthday, gift cards could be considered one of the most reliable last-minute gifts of all time.

However, scammers have found a way to loot gift cards of their funds before you can even use them.

It’s called a gift card draining scam and it involves fraudsters stealing gift card numbers and pins. Data from the Federal Trade Commission shows in the first half of 2024, Americans lost almost $3 million to this specific type of fraud alone.

A North Carolina man says this happened to him and now he wants to let others know about the scam.

Reporter Caroline Hicks explains how it works.

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