A fraudster mentioned to using phony credit cards in several states – mainly Connecticut – to steal a lot of money from Lowe’s.
New York City resident Larell David, thirty, of Manhattan, pleaded guilty in Bridgeport this week to a pattern through that he defrauded the home improvement store out of over $183,000.
Specifically, David was charged with one count of access device fraud.
U.S. Attorney John Durham said that between July 2017 and March 2018, David created more than 100 counterfeit credit cards of the title of “Kevin Douglas,” which had been encoded with reputable charge card numbers belonging to other individuals.
David then made use of the fraudulent credit cards to produce over 350 purchases of merchandise and gift cards at Lowe’s home improvement stores in Connecticut, Rhode Island, New York, New Jersey, Pennsylvania, Virginia, West Virginia, and Florida .
Durham stated a normal fraudulent transaction involved the purchase of one or more Lowe’s gift cards of the total amount of $400, along with store merchandise.
In total, Lowes suffered a loss of $183,576.05 through this system, including more than $21,000 in fraudulent transactions conducted at 15 Lowe’s areas in Connecticut before his arrest on Jan. sixteen last year.
Federal authorities did not release the specific places 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 will face about ten years in prison.