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NEW YORK RESIDENT ARRAIGNED FOR MAIL FRAUD AND USE OF FRAUDULENT CREDIT CARDS

 NEW YORK RESIDENT ARRAIGNED FOR MAIL FRAUD AND
 USE OF FRAUDULENT CREDIT CARDS
 BOSTON, March 16 /PRNewswire/ -- A New York resident was arraigned today in U.S. District Court on a 10-count indictment charging him with mail fraud and the use of fraudulently obtained credit cards.
 U.S. Attorney Wayne A. Budd announced that Lance G. Sheedy, aka Lance Splain and Lance Karran, 29, of 250 8th Avenue, New York, was arraigned today before U.S. Magistrate Judge Robert B. Collings on a 10-count indictment charging him with a mail fraud scheme in which Sheedy unlawfully obtained credit cards by submitting fraudulent credit card applications.
 Pursuant to the scheme, Sheedy would complete and sign applications for credit cards using the name, social security number and other credit history information of another person known to him. Sheedy would cause the fraudulent applications to be mailed to the various banks and credit card companies and receive the credit cards at a mail drop which he controlled. Sheedy would then use the issued credit cards to obtain cash, services and other consumer goods, for which he failed to make payments.
 Sheedy faces a maximum sentence of 30 years imprisonment and a fine of $1,000,000 on each mail fraud count and a maximum penalty of 10 years imprisonment and a fine of $250,000 on each count of use of a fraudulently obtained credit card.
 The case was investigated jointly by Postal Inspectors of the U.S. Postal Service and the Office of the Inspector General for the Department of Health and Human Services. The case is being prosecuted by Assistant U.S. Attorney Michael C. Bolden of Budd's Major Crimes Division.
 -0- 3/16/92
 /CONTACT: Press Officer, U.S. Attorney's Office, 617-223-9445/ CO: ST: Massachusetts IN: SU:


EG -- NE018 -- 8473 03/16/92 16:52 EST
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Publication:PR Newswire
Date:Mar 16, 1992
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