Feds Accuse Lawrence Man of Credit Card Fraud Totalling $143,000
TOPEKA, Kan. (AP) — Federal prosecutors say a Kansas man illegally obtained credit card rewards to collect more than $143,000. U.S. Attorney Barry Grissom's office says 31-year-old Jawad Obaid of Lawrence has been charged with 10 counts of wire fraud. The indictment says Obaid obtained credit cards with Capital One, Chase and U.S. Bank and used their rewards program websites to make purchases from businesses on those sites. Prosecutors say Obaid generated tens of thousands of reward points from credit card companies by making several big purchases and cancelling them within 24 hours. He is accused of redeeming the reward points to redeem cash awards in checks and direct deposits to his accounts. Online court documents did not indicate whether he was in custody or had obtained an attorney.