Coupon redemption: One per customer please!


Coupon redemption: One per customer please!

Filed under: Scandals, Kellogg Co (K), Whole Foods Market (WFMI), Dean Foods (DF), Kimberly-Clark (KMB), Hormel Foods (HRL)According to a federal indictment alleging 25 counts of coupon-redemption fraud, nine executives from International Outsourcing Services (IOS), the nation's largest clearinghouse for grocery- and retail-related coupons, have been accused of involvement in an ongoing coupon-redemption scheme that is claimed to have injured a laundry list of companies, including SC Johnson, Kimberly-Clark Corp.(NYSE:KMB), and Winn-Dixie Stores (NASDAQ:WINN). Federal attorneys claim that Wisconsin firms alone have been bilked as much as $15 million by fraudulent redemption practices. Coupon redemption program assistance organizations estimate that fraudulent coupon redemption costs product manufacturers as much as a half billion dollars a year.A news story reports that in answering the indictment, IOS denied the allegations and ...

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