Fla. man buys $8 million island then steals from Kmart

Mugshot for Andrew Lippi who was arrested in what police say was a return fraud at a Kmart days after purchasing a $8 million private-island estate off Key West

Mugshot for Andrew Lippi who was arrested in what police say was a return fraud at a Kmart days after purchasing a $8 million private-island estate off Key West

Police say Andrew Lippi, who recently bought an $11.2m island off Florida, US, is accused of being involved in a scheme to steal $420 in household items from Kmart.

The arrest reports allege that, instead of returning the purchased items, he swapped out one of the coffee makers with a basketball, the other coffee maker with an older model, the light bulbs with other light bulbs and the bed skirt with a pillowcase, the station reported.

Lippi made headlines last week when he purchased Thompson Island, a private estate formerly owned by the philanthropist and developer Edward B. Knight, for $8 million, according to ABC Miami affiliate WPLG.

Sometime between March 30 and April 5, Lippi bought the wares from the big box department store and then returned the original packaging boxes with other items packed inside, The Miami Herald reported, citing a police report.

Lippi denied denied stealing the items, according to a police report.

He also owns a 12-bedroom home which was used to film The Real World in 2006. Just two days before the scam began, Lippi closed on the purchase of an $8 million private island estate.

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"Lippi stated he did not change out any items prior to returning them", an officer wrote in the report. According to the arrest report, Lippi also told detectives the clerk should have known there was no coffee maker inside the box because of its weight. He also told officers he returned the light bulbs because they cost too much and he did not realize they'd been switched.

When police questioned Lippi, he said he was innocent however, the Miami Herald noted that surveillance footage showed Lippi with a cart containing the bed skirt.

Andrew Lippi is seen in this booking photo from the Monroe County Sheriff's Office. "Some of the finest people I've ever dealt with who were kind throughout the whole process".

Lippi was arrested on grand theft charges and was released the following day.

His arraignment is scheduled for April 18.

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