Michael Griffin crafted fake police reports to clean up clients’ bad credit and conspired with his family to run a sweeping credit card fraud at Lowe’s.
The operator of a North Carolina credit repair business has been sentenced to more than eight years in prison for creating fake police reports to clean up his clients’ bad credit and enlisting his family to help run a $3.4 million credit card fraud scheme at Lowe’s LOW, +0.55%.
“Like a heavy, heavy anchor, he’s taken his entire family down,” U.S. District Court Judge Terrence Boyle said at Griffin’s sentencing on Wednesday, according to the Raleigh News & Observer. Prosecutors say Griffin had run this scam on behalf of nearly 600 clients of his credit repair business. Prosecutors say Griffin at some point used such a false ID to obtain an auto loan to purchase a 2018 Hyundai Genesis for $73,000.