July 8, 2025

Shreveport Man Arrested for Spending $49,000 on Stolen Credit Card

News Summary

A Shreveport man, Matthew Allen, has been charged with theft and access device fraud after allegedly using a stolen business credit card to spend nearly $49,000. Most of the fraudulent charges were made on adult subscription sites, drawing significant attention from law enforcement. An investigation led to his arrest after public assistance was sought, and Allen turned himself in. This case highlights the growing concern of financial fraud in the digital age and stresses the importance of secure financial practices.

Shreveport Man Arrested for Allegedly Spending Nearly $49,000 Using Stolen Business Credit Card on Adult Subscription Sites

A Shreveport man has been arrested after allegedly spending close to $49,000 using a stolen business credit card. Matthew Allen, 31, faces charges of theft and access device fraud following his unauthorized purchases, which drew the attention of local law enforcement.

Authorities report that approximately $7,000 of the unauthorized spending occurred on adult subscription platforms OnlyFans and Fansly. An investigation into his financial activities revealed an additional $42,000 of fraudulent charges, raising the total value of suspected fraudulent transactions to nearly $49,000. The Shreveport Police Department initially sought public assistance to locate Allen, who subsequently turned himself in on July 2.

The police highlighted the unusual nature of Allen’s purchases in a social media statement, noting that the charges were primarily for content related to adult entertainment. OnlyFans and Fansly are subscription-based services that offer adult content including live streams, videos, and photos, and have gained popularity in recent years.

Details surrounding the way in which Allen obtained access to the business credit card have not been disclosed, but fraudulent use of credit cards can lead to serious criminal implications, including significant financial penalties, restitution, and possible imprisonment.

The investigation into Allen’s financial activities was prompted by card holders noticing discrepancies in their statements. Shreveport police have been vigilant in addressing cases of financial crimes, which can have severe impacts on local businesses and their operations.

This incident illustrates a growing concern regarding financial fraud, especially as businesses increasingly enable online transactions. The misuse of digital payment systems has been on the rise, with criminals taking advantage of weaknesses in security to commit fraud.

Allen’s turning himself in marks a significant step in the investigation, allowing authorities to process the case further. It remains to be seen how the court will proceed, but the potential penalties for his alleged actions underline the seriousness of utilizing stolen financial information.

As the case unfolds, law enforcement agencies are likely to reinforce their outreach to the public, promoting awareness and education on financial fraud prevention. It is recommended that individuals and businesses regularly review their financial statements and report any suspicious activity promptly to the appropriate authorities.

In conclusion, the arrest of Matthew Allen serves as a reminder of the importance of safeguarding personal and business financial information. The Shreveport Police Department continues to tackle financial crimes diligently, supporting community awareness about the risks associated with online transactions.

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Additional Resources

Author: STAFF HERE SHREVEPORT WRITER

The SHREVEPORT STAFF WRITER represents the experienced team at HEREShreveport.com, your go-to source for actionable local news and information in Shreveport, Caddo Parish, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as Mudbug Madness Festival, Red River Revel Arts Festival, and Independence Bowl. Our coverage extends to key organizations like the Shreveport-Bossier Chamber of Commerce and Shreveport Regional Arts Council, plus leading businesses in gaming, healthcare, and energy that power the local economy such as Horseshoe Casino, Ochsner LSU Health, and Atmos Energy. As part of the broader HERE network, including HEREBatonRouge.com and HERENewOrleans.com, we provide comprehensive, credible insights into Louisiana's dynamic landscape.

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