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Press Release

Bossier City man pleads guilty to stealing more than $180,000 using a price changing scheme

For Immediate Release
U.S. Attorney's Office, Western District of Louisiana

SHREVEPORT, La. United States Attorney David C. Joseph announced that a Bossier City man pleaded guilty on January 7, 2019 to using a merchandise price changing scheme to steal more than $180,000.

Peter Stifner, 39, of Bossier City, Louisiana, pleaded guilty before U.S. District Judge Elizabeth E. Foote to three counts of wire fraud.  According to the guilty plea, Stifner conducted a scheme to steal merchandise from Walmart, Sam’s Club and Target.   He obtained barcode stickers of lower priced merchandise, brought the stickers into the stores and placed them over the barcodes of higher priced merchandise.  Stifner purchased merchandise at the lower price and would then resell it online for a profit.  As a result of his fraudulent activity, the defendant stole more than $180,000 during the course of the scheme.

Stifner faces up to 20 years in prison, five years of supervised release and a $250,000 fine for each count.  The court set the sentencing date for May 2, 2019.

The U.S. Postal Inspection Service conducted the investigation. Assistant U.S. Attorney Cadesby B. Cooper is prosecuting the case.

Updated January 29, 2019

Topic
Financial Fraud