A fraudster confessed to using phony credit cards in a number of states – specifically Connecticut – to swipe 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 more than $183,000.
Particularly, David was charged with one matter of access device fraud.
U.S. Attorney John Durham claimed that between July 2017 and March 2018, David developed more than hundred counterfeit credit cards of the title of “Kevin Douglas,” which were encoded with reputable credit card numbers belonging to other people.
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 stated a common fraudulent transaction required the purchase of one or perhaps more Lowe’s gift cards in the quantity of $400, along with retailer merchandise.
In complete, Lowes suffered a loss of $183,576.05 through this system, this includes much more than $21,000 in fraudulent transactions conducted at 15 Lowe’s areas in Connecticut before the arrest of his on Jan. 16 last year.
Federal authorities did not release the specific locations of the Lowe’s shops.
David is still released on a $100,000 connect. He’s slated to be sentenced on Tuesday, Dec. 8, when he is going to face up to ten years in prison.