A fraudster admitted to using bogus credit cards in several states – specifically Connecticut – to swipe thousands of dollars from Lowe’s.
New York City resident Larell David, thirty, 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.
Precisely, David was charged with one count of access device fraud.
U.S. Legal professional John Durham said that between July 2017 and March 2018, David created around hundred counterfeit credit cards in the identity of “Kevin Douglas,” that had been encoded with legit credit card numbers belonging to others.
David then used the fraudulent credit cards to make more than 350 purchases of gift cards and merchandise at Lowe’s home improvement stores in Florida, West Virginia, Virginia, Pennsylvania, New Jersey, New York, Rhode Island, and Connecticut .
Durham said a common fraudulent transaction required the purchase of 1 or maybe more Lowe’s gift cards in the quantity of $400, along with 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 15 Lowe’s areas in Connecticut before the arrest of his on Jan. 16 12 months that is very last .
Federal authorities did not release the specific locations 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 is going to face roughly ten years in prison.