A Michigan man was being held on $50,000 bail in Wake County on Wednesday, facing charges from Cary police that he had equipment for encoding credit and debit cards, 18 counterfeit cards and a Florida man's driver's license on which he had put his photo.
Police arrested Michael Raashad McGuire, 32, of Jackson, Mich., about 40 miles west of Ann Arbor.
In arrest warrants, police charged McGuire with financial card forgery, saying he had used a computer and card-encoding equipment to override the information in the magnetic strip on prepaid debit cards. They charged him with possession of counterfeit cards,o said he had 18 forged cards, and they charged him with having forgery equipment.
McGuire was arrested Monday evening at the Extended Stay America hotel at 600 Weston Parkway.
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Lt. Brian Smith said police had answered another call at the hotel Monday and spotted McGuire’s equipment while they were there and questioned him.
In addition to the Florida man’s license with McGuire’s picture, police said, he had a SunTrust card belonging to the same man.