Any type of debit card or credit card fraud is a serious crime. Taking this one step further, it can result in a prison sentence among other types of punishment.
Generally speaking, this is a form of fraud that involves the unauthorized use of another person’s credit card or debit card. Here are some examples that will help you better understand this type of crime:
- Identity theft. As the name implies, this is the unauthorized use of personal information with the intent of committing fraud or some other type of crime.
- Identity assumption. Using another person’s identity over the long run as a means of making a financial gain.
- Fraud spree. Making unauthorized charges on an existing account, such as after stealing a person’s credit or debit card.
The three primary elements of credit card fraud include fraudulently obtaining someone’s credit card information, using your own credit card with knowledge that it has expired or been revoked or selling goods to another party with knowledge that an illegally obtained credit card is being used.
As you can see, it can be difficult to pinpoint the exact details associated with debit and credit card fraud. Furthermore, it’s not out of the question to be charged with this crime when you didn’t know you were doing anything wrong.
Since debit and credit card fraud is a serious white collar crime, you can’t afford to wait around on the legal system. Instead, you need to find out why you’re being charged and then implement a defense strategy to help you avoid a serious punishment.
Source: FindLaw, “Debit / Credit Card Fraud,” accessed Jan. 20, 2017