A fraudster admitted to using fake credit cards in a number of states – particularly Connecticut – to steal thousands of dollars 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 around $183,000.
Precisely, David was charged with just one matter of access device fraud.
U.S. Lawyer John Durham said that between July 2017 and March 2018, David developed more than 100 counterfeit credit cards in the title of “Kevin Douglas,” which were encoded with genuine charge card numbers belonging to other people.
David then utilized the fraudulent credit cards to create over 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 normal fraudulent transaction required the purchase of one or perhaps much more Lowe’s gift cards of the total amount of $400, and also retailer merchandise.
In total, Lowes suffered a loss of $183,576.05 through this program, this includes much more than $21,000 in fraudulent transactions conducted at fifteen Lowe’s locations in Connecticut before his arrest on Jan. 16 12 months that is last .
Federal authorities didn’t release the particular spots of the Lowe’s stores.
David is still released on a $100,000 bond. He’s slated to be sentenced on Tuesday, Dec. 8, when he is going to face about ten years in prison.