(La Porte, IN) - Police have arrested a man for allegedly buying cars without the funds to make good on the purchases.

47-year-old Carl Mack has been charged in La Porte Circuit Court with Credit Card Fraud, with authorities reporting that the purchases were made at Madison Motors in La Porte. The owner accepted his credit card as payment after the bank told him Mack had enough money in his account to cover the costs involved.

As it turned out, the car lot owner was later notified the credit card was fraudulent.

Mack, who's from the Chicago area, bought seven vehicles from the used car lot over a week and a half period last summer, reportedly claiming that the vehicles were for his employees and friends. The investigation indicates Mack possibly made at least one similar purchase at a dealership in Lake County.

He allegedly owes the used car lot more than $53,000.