Credit Card Fraud

Using a stolen card to purchase goods, creating a counterfeit credit card, stealing credit card information using the internet and even possessing the materials needed to produce counterfeit credit cards are all actions which may constitute credit card fraud. When an individual uses an unauthorized card to purchase goods or services, with the intent to defraud the individual or credit card company or bank, this is a form of fraud and may result in harsh penalties.

How does credit card fraud occur? It may begin in one of two ways: the theft of the card itself or the compromise of the credit card information. Today, the internet is increasingly used as a means of obtaining credit card information, whether this is accomplished by tricking the card holder into surrendering their information or by hacking into databases containing credit card information. While a missing card is easier to notice and is often reported quickly by the card holder, card information may be held onto for weeks or more before it is used and the card holder becomes aware that his or her information has been compromised. Credit card fraud may also be associated with identity theft and wire fraud.

The federal government is aggressive in its investigation and prosecution of credit card fraud. The FBI (Federal Bureau of Investigation) plays a key role in this.

Penalties for Credit Card Fraud/Theft

Interstate or international credit card fraud is a federal offense which may result in up to 20 years in prison, including fines and restitution. Specific penalties will depend upon the particular case and charges. When charged on a state level, the particular penalties will vary depending on the jurisdiction.

If you would like to learn more about credit card fraud, you may find it helpful to discuss your questions and concerns with an attorney. Click here to find a criminal defense lawyer in your area.