An online store in the United Kingdom has taken down its online gift registry for allegedly being an illegal gift card company.
The move comes just days after the U.K. government announced it had arrested an Australian man and two Australian women over a massive theft of over $100 million worth of gift cards from U.S. merchants.
The men were arrested in Melbourne on charges of embezzlement and theft.
Treasury Department said in a statement that the three were arrested on April 5.
The stolen gift cards, valued at over $120 million, were sold to retailers in the U., U.A., and Australia and the proceeds from the transactions were used to buy goods.
The theft occurred in March and April of last year.
The Treasury Department has accused the men of running an illegal “gift card trading operation.”
“In a highly coordinated attack, they exploited a number of vulnerable retailers to sell stolen gift card value cards to a range of online payment providers including online payment provider BitPay, online gift card processor, online retailer Giftcards.com and online gift merchant eGiftcards,” the statement said.
In a statement on Friday, the Australian Treasury said that the department had launched an investigation into the “unusual and highly complex” theft. “
The Department believes that this transaction was used to purchase goods and services in breach of U.k. law.”
In a statement on Friday, the Australian Treasury said that the department had launched an investigation into the “unusual and highly complex” theft.
“There is a significant risk that the stolen card value could be used for criminal conduct, and the Department will take action to secure the stolen credit cards,” the government said in the statement.
The Australian government’s decision to take down the gift card registry came just days before it was reported that the U-K.
Department of Finance is looking into the theft of nearly $100m worth of digital currencies from online merchants.
According to The Daily Mail, the government was concerned that the thieves might try to make more money by selling the stolen value cards through other online gift cards sites, such as Paypal.
The government also reported that one of the suspects was a former employee of BitPay who was not charged with a crime.