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AMERICAN EXPRESS COMPANY (AXP)
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American Express : Demi Moore's credit card allegedly stolen by man who spent $169G

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07/12/2018 | 12:06am CEST

July 11--Demi Moore was targeted in a credit-card scam in which $169,000 was charged to her American Express account.

Accused scammer David Read reported to American Express in March that Moore's credit card had gone missing -- and, pretending to act on her behalf, asked for a replacement, according to a federal criminal complaint obtained by the Daily News.

Once that credit card arrived at a FedEx office in Santa Monica, Read allegedly picked it up and went on a $170,000 spending spree, both online and at Los Angeles area retailers, from March 6 to March 19, according to the legal filing.

The credit card was used to purchase $13,000 worth of items at a Saks Fifth Avenue store on March 8, followed by $16,000 worth of purchases at the same store the next day.

In late March, Moore's assistant reported the actress' card had been fraudulently used and surveillance video at the FedEx office and area stores helped authorities track down the alleged thief.

The complaint claims Read admitted to the crime and is in custody at Los Angeles County Jail, TMZ reported.

Reps for Moore, 55, did not immediately respond to a request for comment.

The star of "Indecent Proposal," "Striptease" and "Ghost" was recently cast as the lead in the 2019 comedy "Corporate Animals" about a tour group that gets trapped in a cave and must figure out how to survive.

___

(c)2018 New York Daily News

Visit New York Daily News at www.nydailynews.com

Distributed by Tribune Content Agency, LLC.

© Tribune Content Agency, source Regional News

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Financials ($)
Sales 2018 40 286 M
EBIT 2018 11 675 M
Net income 2018 6 237 M
Debt 2018 -
Yield 2018 1,33%
P/E ratio 2018 15,16
P/E ratio 2019
Capi. / Sales 2018 2,35x
Capi. / Sales 2019 2,19x
Capitalization 94 802 M
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Mean consensus OUTPERFORM
Number of Analysts 31
Average target price 112 $
Spread / Average Target 1,3%
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Managers
NameTitle
Stephen J. Squeri Chairman & Chief Executive Officer
Jeffrey C. Campbell Chief Financial Officer & Executive Vice President
Marc D. Gordon Chief Information Officer & Executive VP
Upendra Mardikar VP-Security Strategy, Architecture & Engineering
Charlene Barshefsky Independent Director
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