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Bahamian jailed for million-dollar credit card fraud scheme in the US

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Bahamian jailed for million-dollar credit card fraud scheme in the US

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A Bahamian national has been jailed for his role in a million-dollar credit card fraud scheme.

US District judge, Alison J. Nathan sentenced 27-year-old Kevin Dion Rolle, Jr. to five years in prison for his role in the US$1.2 million credit card scheme.

Rolle had pleaded guilty before Judge Nathan on August 5, this year to one count of wire fraud.

According to the documents filed in US federal court, as well as statements made in public court proceedings, from October 2015 to September 2020, Rolle participated in what is known by various credit card companies as a “bust-out” scheme, whereby the credit card user applies for a credit card and incurs numerous charges, with no intention of paying the balance.

“As part of his multi-year fraud scheme, Rolle submitted multiple credit card applications to American Express (Amex), which often included or were supported by documentation containing false identifying information,” said United States Attorney for the Southern District of New York, Damian Williams, and the Assistant Director-in-Charge of the New York Office of the Federal Bureau of Investigation (FBI), Michael J. Driscoll.

“Once Rolle received a credit card, he used the credit card for a short period of time to purchase luxury items, including, among other things, Cartier jewellery and a Bentley,” they added.

Rolle is reported to have incurred US$1,205,318.18 in Amex credit card charges that remain outstanding and collected US$209,500 in insurance proceeds based on a claim for jewellery pieces purchased with the fraudulent Amex credit cards.

On the basis of multiple court filings, Williams and Driscoll said Rolle admitted in the terms of his plea agreement to obstructing justice.

“Rolle made numerous self-serving, false, and/or inconsistent statements to the court and the United States District Court for the District of Puerto Rico, where he was first arrested regarding his personal background, possession of foreign passports and his purported ties to New York,” they said.

At the time of his arrest, the statement said Rolle presented an Irish passport, “which was later found to have been obtained with a fake United States passport.

“Additionally, Rolle purported to be the president of a particular college in the Bahamas—the existence of which was unable to be verified by the FBI,” the statement said.

In addition to the prison term, Rolle was ordered to make restitution in the amount of US$1,414,818.18 and forfeiture in the amount of US$1,504,818.18.

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