Saks Fifth Avenue employees caught for identity theft, bought over $400K in … – The Post-Standard

The Saks Fifth Avenue ‘Bling Ring’ has been busted: Five people, who stole customers’ credit card information and bought more than $400,000 in designer goods, have been indicted.

The Wall Street Journal reports the five identity thieves stole the information between April to August 2014 to buy items from Saks and re-sell them on the black market. According to Manhattan District Attorney Cyrus Vance, the people were charged in a 66-count indictment including grand larceny, identity theft and criminal possession of stolen property counts.

Vance adds the group managed to steal hundreds of pairs of shoes and bags thanks to the help of four store employees who made the fraudulent purchases. The Wall Street Journal says Saks has not made a comment.

ABC reports that a criminal complaint said Saks employees devised a plan that used the credit cards of at least 22 customers to buy shoes and bags. A number of these items were confiscated by police in September from the ringleader’s apartment in Queens, N.Y.

The ringleader, Tamara Williams, stole Social Security numbers and birth dates of more than 20 Saks credit card holders and handed off that information to four sales associates, The New York Post says. The illegal transactions were caught on surveillance cameras, ABC adds.

The New York Post identified the Saks employees as Kriss Rockson, Jason Chance, Alaia Harrison and Michael Knight-Williams. The group purchased goods by Chanel, Valentino, YSL, Gucci, Giuseppe Zanotti, Kate Spade, Louis Vuitton, Givenchy, Christian Louboutin, Ferragamo and Balmain.

The Wall Street Journal says 91 transactions were made, all using account information that was entered into Saks’ system by the charged sales associates, in some cases without a customer present.

Vance suggests that “institutions,” such as Saks, create protocols to ensure their internal security is up to par.

Article source: http://www.syracuse.com/news/index.ssf/2014/10/saks_fifth_avenue_employees_caught_for_indentity_theft_bought_more_than_400k_in.html

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