ATLANTIC CITY — Two New York men were charged in federal court with credit card fraud conspiracy after allegedly attempting to charge more than $500,000 using stolen account numbers.
Tracey Coleman, 46, of Rosedale, N.Y., and Wanell Wallace, 23, of Fresh Meadow, N.Y., were arrested Saturday at the Borgata Casino in Atlantic City.
In a complaint unsealed Monday, Coleman and Wallace are each charged with one count of conspiracy to produce, use and traffic in one or more counterfeit access devices, with intent to defraud, in a manner affecting interstate commerce; and one count of conspiracy to do so during any one-year period and obtaining $1,000 or more.
The alleged scam worked like this: The pair opened American Express accounts and then, by using fraudulently obtained credit card numbers, bought prepaid debit cards at CVS Caremark drug stores. Those cards were used to deposit money in the accounts.
Since last April the two men deposited more than $500,000 into their accounts, including $50,000 in March 2014, according to the charges.
Each of the counts carries a maximum potential penalty of five years in prison and a $250,000 fine, or twice the gross gain or loss from the offense.
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