MCGREGOR (May 17, 2012)-A man pleaded guilty Thursday in Waco's federal court to using bogus credit card numbers to attempt the defraud a local bank, a McGregor aircraft company and at least two local people.
Federal district court Judge Walter S. Smith set Joshua Matthew Pierce for sentencing on July 11.
In a court document presented Thursday prosecutors alleged Pierce set up an account at a local Extraco bank and without actually depositing any funds, began to try to withdraw cash from the account.
Prosecutors also say Pierce attempted to work with a Robinson man and his son-in-law to purchase an aircraft company based at the McGregor Airport, but say the plan was a ruse designed to allow Pierce to obtain his proposed partners' Social Security numbers, which he then used to set up credit card accounts in his own name.
Pierce intended, prosecutors said, to use the fraudulent accounts to make purchases and establish credit so he could further his scheme to defraud both the bank and the credit card companies.
Pierce used the credit cards to pay for jet aircraft service provided by companies in Arizona and Michigan.
On Feb. 29, Pierce sent a letter to law enforcement in which he confessed that he was guilty of the charges that had been brought against him, namely to conduct and execute his scheme to defraud and obtain money from both businesses and individuals.
On Jan. 26, Pierce and his attorney met with investigators at the Robinson Police Department.
Subsequent investigation revealed that Pierce had even paid his attorney with a fraudulent check for legal fees.