![]() Several credit card frauds depend on identity theft. One of the most damaging forms of credit card fraud is identity theft, because once personal identifying information is taken it can be used for numerous fraudulent activities. The most common types of credit fraud include: There are several forms of credit card fraud with new and ingenious methods being devised almost daily. While it is simple to understand the physical theft of a credit or debit card from a wallet or purse, today it is much more common to just have information stolen and not the card itself. §1028 ( federal fraudulent identity)Ĭredit fraud is a broad term for the use of a credit card (or any comparable type of credit) to buy goods or services with the intention of evading payment. Here is a list of federal statutes addressing credit card fraud: The penalties for such use shall be fined not more than $10,000 and/or imprisoned not more than ten years. Section 484j ( publishing credit card information)įederal credit card fraud laws focus on interstate and foreign commerce, making it illegal to use a stolen or fraudulently obtained credit or debit card.Section 484i ( counterfeiting credit cards).Section 484h ( credit card fraud by a retailer).Section 484g ( fraudulent use of a credit card).Section 484f ( forging credit card information).California has been on the forefront of passing numerous laws to try to prevent credit card and identity theft, as can be seen in the following sections from the California Penal Code: ![]() Some states have passed more protections that other states. For instance, Alabama Code § 13A-9-14 punishes credit or debit card theft, while § 13A-8-192 punishes identity theft or the possession of identifying information. Then there are statutes if just the account number information is stolen, referred to as identity theft. They have statutes for the physical possession and use of a stolen card.
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