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Stock impact report

Michigan man admits to $100,000 wire fraud scheme targeting Lowe's, retail stores in 5 states [CBS News]

Lowe's Companies, Inc. (LOW) 
Last lowe's companies, inc. earnings: 2/26 06:00 am Check Earnings Report
Company Research Source: CBS News
According to court documents, Leroy Artemus Tolbert III worked with others to defraud Lowe's and retail locations in Michigan, Ohio, Pennsylvania and West Virginia. Tolbert is accused of fraudulently applying for a Lowe's credit card under a company name and using another person's identity as an authorized user. He then allegedly used the Lowe's card to buy thousands of dollars worth of merchandise. The amount of fraud totaled $100,000. Tolbert has agreed to pay $100,000 in restitution. He faces up to 20 years in prison. A sentencing date has not been set. Joe Buczek is manager of digital content and promotion at CBS Detroit. He previously worked at WWTV, the Grand Traverse Insider, the Leader and the Kalkaskian, the Oakland Press and the Morning Sun. Featured Local Savings Show less Read more
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