Houston, Texas Resident Charged In Five State Conspiracy To Defraud Home Depot
– Switched UPC Labels On Purchases Then Sold Merchandise At A Profit On Ebay
LOUISVILLE, Ky. – A Houston, Texas resident has been charged with mail fraud by a federal grand jury meeting in Louisville, Kentucky this week, for his role in a five state conspiracy to defraud Home Depot announced David J. Hale, United States Attorney for the Western District of Kentucky.
Larry Lyndsey and other unnamed co-conspirators devised a scheme, between January 2006 through December 2012, to defraud Home Depot by allegedly switching UPC labels on similar items to reflect a lower purchase price, then selling the products on Ebay, to purchasers across the United States, and, according to the indictment, received approximately $645,000 from the fraudulently purchased items sold over the internet.
Specifically, according to the one-count federal indictment, Lyndsey and other unnamed co-conspirators would purchase items form Home Depot stores in Kentucky, Tennessee, Texas, Alabama, Georgia, and Louisiana. In particular, on May 9, 2009, Lyndsey is alleged to have sold, on Ebay for $525., a Lincoln Electric Weld Pak 180HD and caused it to be shipped to Shepherdsville, Kentucky, and on October 3, 2010, sold a Petsafe Wireless Dog Containment System, PIF-300, and caused it to be shipped to Paducah, Kentucky. It was further part of the conspiracy that following the sale of the fraudulently purchased items, Lyndsey and other unnamed co-conspirators would divide the profits from the fraudulent purchases and sales.
At sentencing, Lyndsey faces not more than 20 years in prison, a fine of $250,000 and a period of supervised release for three years. A first appearance/arraignment on the charge has not been scheduled by the court.
This case is being prosecuted by Assistant United States Attorney Bryan R. Calhoun and is being investigated by the United States Secret Service.
The indictment of a person by a Grand Jury is an accusation
only and that person is presumed innocent until and unless