In today’s world of electronics, credit card fraud is easier than ever for people to accomplish. According to the Federal Trade Commission’s (FTC) yearly report, more than 4.7 million consumer issues were reported to the Commission in 2020, with the most commonly reported issue being identity theft. Credit card fraud is a type of identity theft and is one of the most frequently reported types of identity theft, making up about 30 percent of all identity theft reports to the FTC. Most people understand what consequences come from a credit card fraud situation, but many are not aware that there are multiple ways a person can be charged with credit card fraud.
There is more than one way you can be charged with credit card fraud in the state of Illinois. According to the Code of Corrections, credit card fraud includes:
Being accused of credit card fraud can carry severe consequences, especially if the total losses incurred from the fraud total enough to warrant a felony charge. If you are facing credit card fraud charges, you should speak with our Arlington Heights, IL credit card fraud defense lawyer. Scott F. Anderson, Attorney at Law, has more than 20 years of experience helping clients who are in legal trouble. To schedule a time to speak with our attorney, call our office today at 847-253-3400 to schedule a free consultation.
Sources:
https://www.ftc.gov/system/files/documents/reports/consumer-sentinel-network-data-book-2020/csn_annual_data_book_2020.pdf
https://www.ilga.gov/legislation/ilcs/ilcs4.asp?DocName=072000050HArt.+17%2C+Subdiv.+25&ActID=1876&ChapterID=53&SeqStart=56800000&SeqEnd=58900000
https://www.ilga.gov/legislation/ilcs/ilcs5.asp?ActID=1999&ChapterID=55
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