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Crime Blog: Man found guilty of using business to steal money

by khou.com staff

khou.com

Posted on February 7, 2011 at 11:56 AM

HOUSTON – A Houston man was found guilty Thursday of using his furniture store to process stolen credit cards in exchange for cash.

Authorities said Peter Tran, 48, was found guilty of one count of conspiracy to commit bank fraud and five counts of access devise fraud after he used his now-defunct furniture store on Westheimer to commit the crimes between November 2008 and November 2009.

In their argument to the jury, prosecutors said Tran had "turned his store into an ATM for identity thieves."

The fraud, which resulted in more than $400,000 losses, was discovered when an accomplice was arrested with two receipts in his pockets from Tran’s business totaling more than $20,000.

Tran faces 20 years in prison for the conspiracy charge and five years in prison for each of the access device charges.

His sentencing trial has been set for May 13.

 

 

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