TOPEKA, KAN. – A Lawrence man has been charged with devising a simple – and illegal – scheme that allowed him to collect more than $143,000 in credit card rewards, U.S. Attorney Barry Grissom said Thursday.

Jawad Obaid, 31, Lawrence, Kan., was indicted Wednesday on ten counts of wire fraud. The indictment alleges he obtained credit cards with Capital One, Chase and U.S. Bank and accessed their rewards program Web sites for the purpose of making Internet purchases from businesses selling goods and services on the sites. In that manner, he generated tens of thousands of reward points from the credit card companies. He cancelled the purchases within 24 hours and used the reward points from the cancelled purchases to redeem cash awards in the form of checks and direct deposits to his accounts.

If convicted, he faces a maximum penalty 30 years in federal prison and a fine up to $250,000 on each count. Homeland Security Investigations investigated. Assistant U.S. Attorney Scott Rask is prosecuting.