A fraudster admitted to using bogus credit cards in a number of states – mainly Connecticut – to take 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 that he defrauded the home improvement store out of more than $183,000.
Specifically, David was charged with one count of access device fraud.
U.S. Lawyer John Durham said that between July 2017 and March 2018, David produced around hundred counterfeit credit cards of the title of “Kevin Douglas,” that ended up being encoded with legit bank card numbers belonging to others.
David then made use of the fraudulent credit cards to make more than 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 normal fraudulent transaction required the purchase of 1 or maybe much more Lowe’s gift cards in the level of $400, as well as retailer merchandise.
In complete, Lowes suffered a loss of $183,576.05 through this system, including more than $21,000 in fraudulent transactions conducted at fifteen Lowe’s locations in Connecticut before the arrest of his on Jan. sixteen year that is last .
Federal authorities didn’t release the specific locations of the Lowe’s stores.
David is still released on a $100,000 connect. He is slated to be sentenced on Tuesday, Dec. 8, when he is going to face about ten years in prison.