BUFFALO, N.Y. (WIVB) – In less than a year, the U.S. Attorney says three suspects charged over 1,000 fraudulent transactions to stolen credit cards, costing financial institutions losses of more than $850,000.
Between July 2013 and February 2014, prosecutors say Ricky Butler, Catherine Jarrett and Randy Jarrett conspired in a scheme to take over legitimate credit card accounts and make unauthorized purchases at Walmart and other retail stores in New York and Pennsylvania.
The purchases consisted of mostly store gift cards in large amounts and were made by women prosecutors say Butler solicited. Three of the women, Danielle Hamilton, Tiara Baker and Tamika Favors, have already been charged with access device fraud in connection with this case.
In all, authorities say Butler, Catherine Jarrett and Randy Jarrett used information from 95 credit card accounts belonging to five separate financial institutions to make more than 1,000 fraudulent transactions, costing those institutions losses of more than $850,000.
Prosecutors say almost 200 transactions were declined, which would have represented an additional $193,000 in losses had they been approved.
Butler, Catherine Jarrett and Randy Jarrett are all charged with conspiracy to commit access device fraud and conspiracy to commit bank fraud. Butler is additionally charged with aggravated identity theft.
If convicted, both Jarretts could face up to 30 years in prison. Butler could face more than that due to the additional charge.