Investigators say the man took the wallets between April 22 and May 17 and then used the victim's credit cards to make purchases at several area stores - including Target and Walmart.
The suspect is described as a black male in his early 40s. He is bald, medium height and weight, and police say he typically wears business attire during the thefts.
Anyone with information is asked to call Raleigh CrimeStoppers at (919) 834-HELP or to go to the CrimeStoppers web site at www.raleighcrimestoppers.org. CrimeStoppers pays cash rewards for anonymous tips that help solve cases.