Say What Now? Florida Saks Fifth Avenue Manager Arrested for Allegedly Defrauding Store Out of $800,000

Peter Matthew Pagan,  client development manager at a Saks Fifth Avenue store, is facing prison time after allegedly defrauding the store out of nearly $1 million.

via Complex:

Local 10 News reports Peter Matthew Pagan, 34, of Miami, was arrested on Tuesday on accusations that he defrauded a Saks store in Bal Harbour, a village located in Miami-Dade County, out of $800,000.

Pagan has been charged with grand theft, organized fraud, and credit card forgery/intent to defraud. 

Over a span of two years, police say the former Saks employee would fraudulently obtain gift cards that were for promotional events, override the amount on the cards, and then sell them at a discount. Per an arrest report, Pagan’s position with Saks allowed him “to have access to the locations and computer systems necessary to obtain the gift cards.”

After discovering that two gift cards were used for one transaction, Saks Fifth Avenue opened an investigation to find the source of the gift cards, leading them to Pagan.

Pagan was taken into custody on Tuesday and is currently being held at Miami’s Turner Guilford Knight Correctional Center on a $25,000 bond.

That’s a lot of scamming!

Share This Post