“Tuesday, July 15th.
The individual shown in the two top pictures listed below was reported to be in the Houston area. He continued the credit card fraud with jewelers in Beaumont & Houston hit this past weekend. If this individual comes into your store, please contact the local police.
Asian suspects use fraudulent California driver’s licenses to obtain in-store credit and then purchase a high-end watch. See photos of suspects below.
On May 2, 2014 JSA issued a Weekly Email Crime Alert which included a warning entitled “STORE CREDIT FRAUD BY ASIAN GANG.” As of May 2, 2014 JSA reported attempts or losses in at least seven retail jewelry stores in four states: PA, CT, NJ and MA. Since that date JSA has received numerous reports of similar attempts or losses. Other losses have now been reported in NV, NY, MI, MO, IL and as recently as June 19 in Colorado. The suspects are Asian males and use fraudulent California driver’s licenses to obtain store credit in order to buy a high-end watch in the range of $7,000 to $25,000.
RECOMMENDATION: The principal financial firms sponsoring in-store credit programs in the jewelry industry are GE Capital, Wells Fargo and TD Bank. In addition to alerting all store personnel of this gang, STORE OWNERS ARE STRONGLY URGED TO REVIEW THEIR CONTRACTS FOR STORE CREDIT, INCLUDING THE FINE PRINT, TO DETERMINE WHAT POLICIES AND PROCEDURES ARE FOLLOWED REGARDING CHARGEBACKS IN FRAUD CASES INVOLVING IDENTITY THEFT. The driver’s licenses used by this Asian gang, which they obtain through identity theft, are virtually impossible for a jeweler to detect as fraudulent.”