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A millionaire has been busted after allegedly buying pizza with credit card he found on the street.

Richard Lewis Ludwig, 54, a dentist from Okemos, Michigan, faces credit card theft and forgery charges after allegedly using a student's credit card to pay for fast food while on a trip to Florida. The card belonged to Harrun Majeed, a military veteran turned college student, who cancelled the plastic after returning home and discovering it missing.

Majeed reckons he dropped the card in a parking lot near a shopping mall, after which it made its way into the credit card reader of the pizza parlor. Minutes before Majeed called to report the card stolen, Ludwig had apparently used it to pay for two large pizzas with extra olives, costing $40.64.

The bank notified police, who acted promptly to arrest the root canal rotter, who reportedly hadn't even received the pizza by the time he was cuffed. Ludwig – who told police his net worth was upwards of $3m and admitted that he had used the credit card, according to a Florida newspaper – had $250 in his wallet, but appears to have chosen to impersonate a college student to satisfy his fast food urges rather than spend his own money.

Ludwig, pictured here in a story on his alleged misdeed by the Orlando Sentinel, was visiting Davenport, Central Florida, for his son's baseball game. ®

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