A fraudster admitted to using fake credit cards in several states – particularly Connecticut – to swipe lots of money from Lowe’s.
New York City resident Larell David, 30, of Manhattan, pleaded guilty in Bridgeport this week to a scheme through which he defrauded the home improvement store out of more than $183,000.
Specifically, David was charged with one matter of access device fraud.
U.S. Lawyer John Durham stated that between July 2017 and March 2018, David produced around hundred counterfeit credit cards in the identity of “Kevin Douglas,” which were encoded with legitimate bank card numbers belonging to other individuals.
David then used the fraudulent credit cards to make over 350 purchases of gift cards and merchandise at Lowe’s home improvement stores in Connecticut, Rhode Island, New York, New Jersey, Pennsylvania, Virginia, West Virginia, and Florida .
Durham said a typical fraudulent transaction required the purchase of 1 or perhaps much more Lowe’s gift cards of the level of $400, and also retailer merchandise.
In total, Lowes suffered a loss of $183,576.05 through this program, including more than $21,000 in fraudulent transactions conducted at fifteen Lowe’s places in Connecticut before his arrest on Jan. 16 12 months which is very last.
Federal authorities did not release the specific spots of the Lowe’s shops.
David remains released on a $100,000 connect. He’s booked to be sentenced on Tuesday, Dec. eight, when he is going to face roughly 10 years in prison.