A fraudster confessed to using bogus credit cards in several states – mainly Connecticut – to steal 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 that he defrauded the home improvement store out of more than $183,000.
Precisely, David was charged with just one count of access device fraud.
U.S. Attorney John Durham stated that between July 2017 and March 2018, David produced over 100 counterfeit credit cards of the identity of “Kevin Douglas,” which were encoded with legit credit card numbers belonging to others.
David then used the fraudulent credit cards to produce over 350 purchases of merchandise and gift cards at Lowe’s home improvement stores in Florida, West Virginia, Virginia, Pennsylvania, New Jersey, New York, Rhode Island, and Connecticut .
Durham claimed a normal fraudulent transaction required the purchase of one or maybe much more Lowe’s gift cards in the quantity of $400, in addition to shop merchandise.
For complete, Lowes suffered a loss of $183,576.05 through this scheme, including much more than $21,000 in fraudulent transactions conducted at fifteen Lowe’s areas in Connecticut before his arrest on Jan. 16 very last year.
Federal authorities did not release the specific spots of the Lowe’s stores.
David remains released on a $100,000 bond. He’s slated to be sentenced on Tuesday, Dec. 8, when he will face up to 10 years in prison.