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4 Plead Guilty To Fraud Conspiracy

4 Plead Guilty To Fraud Conspiracy

CREATED Jul 22, 2014

NASHVILLE, Tenn. (AP) - Four Kentucky residents have pleaded guilty to conspiring to defraud Lowe's Companies, Inc. by getting store credit accounts, bouncing checks to the accounts and buying merchandise from the stores using the fraudulent accounts.

U.S. District Judge Todd J. Campbell of Nashville accepted the pleas on Monday from 38-year-old Joe Fuqua, 39-year-old Michael Gregory, 49-year-old and Charles Ragar, all of Franklin, Kentucky, and 40-year-old Robert Trammel of Bowling Green, Kentucky.

Prosecutors say the men sold some of the merchandise to a co-conspirator in exchange for a percentage of the actual retail value of the merchandise, with fraudulent purchases exceeding $191,000 at 14 Lowe's stores across Tennessee and Kentucky.

Four other men from Kentucky and Tennessee are awaiting trial on related charges.

(Copyright 2014 by The Associated Press. All Rights Reserved.)