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N.Y. Man Pleads Guilty of Fraud

September 27, 2000

NEW YORK (AP) _ A man has pleaded guilty to buying nearly $750,000 in diamonds and Rolex watches using credit card numbers stolen from some of the nation’s top executives.

James Rinaldo Jackson, 39, of Memphis, Tenn., admitted stealing the card numbers of John Alm, chief operating officer of Coca-Cola Enterprises, Richard Fuld, chairman of Lehman Brothers Holdings and the late Gordon Teter, former chairman of Wendy’s International, among others.

Jackson pleaded guilty in federal court Monday under an agreement that he be sentenced to prison up to five years, three months.

Charges in the case are pending against Dereck Cunningham, 28, also of Memphis.

The indictment accused the men of targeting prominent businessmen and stealing their credit card information by impersonating their victims in telephone calls to banks and credit card companies. They allegedly persuaded the companies to switch account billing addresses to hotels in Tennessee, Arkansas and Mississippi.

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