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| Sharron Laverne Parrish Jr. |
Wire fraud is a growing type of scam. This type of scam takes advantage of the "forced code" or "forced sale" ability at any merchant retail store to override their debit card swipers.
Wire Fraud Defined
What is wire fraud?
According to Wikipedia, wire fraud is: "any fraudulent scheme to intentionally deprive another of property or honest services via mail or wire communication. It has been a federal crime in the United States since 1872."
Wire Fraud Scams
Recently, 24 year-old Sharron Laverne Parrish Jr. was arrested after mastering the wire fraud scam. He scammed Apple out of $309,768.00 worth of Apple products in their retail stores. Sharron Lavern Parrish Jr. would go into an Apple store and attempt to buy products on 1 of 4 personal debit cards. The cards were actually no longer working, but that didn't matter.
Sharron then pretended to call his financial institution, after insisting that the code was valid. He would then give the Apple Representative a fake authorization code, which he claimed to be from his bank. The code was actually made up. Sharron knew how many digits the authorization code needed to be, and he could just make up any code, as long as it was the correct number of digits.
The merchant enters the override code into their system, and then can process a transaction on a debit card that is no longer working for that banking institution.
Sharron continued to do this wire fraud until he was caught. He scammed Apple at least 42 different times.
Another scammer also caught on to this wire fraud scam. Her name is Temeshia McDonald. She was caught and sentenced to three years in jail. She performed this debit card scam at Victoria's Secret and Banana Republic, among other stores.
Temeshia scammed $557,690.00 worth of goods from various retail stores until she was caught.
The Secret Service investigates reported cases of wire fraud.
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