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Columbus Federal Credit Card Fraud Lawyer
If you are facing federal credit card fraud charges and you are convicted, you could stand to lose exorbitant sums of money because of fines. You could also face a lengthy incarceration period in prison and acquire a serious criminal record that severely dents your prospects of finding future employment. Contact Attorney Adam Burke now for you free consultation at (614) 280-9122.
Credit Card Fraud Charges Federal
Credit card fraud is a white collar offense and in many cases is considered identity theft as well. Most cases of credit card fraud are handled by the state. However, the U.S. Secret Service is required to investigate crimes involving credit cards when the money involved is in excess of $150,000. These cases are tried in a federal court and severe penalties are imposed on the accused.
What is federal credit card fraud?
Credit card fraud charges allege that you stole a credit card from someone, or produced a counterfeit, and illegally purchased goods and services by using the credit card.
Sometimes a person is not in actual possession of a credit card, but may gain access to another's personal information and use it to purchase goods or services. This is known as identity theft and it is almost invariably linked to credit card fraud.
In most cases, the Federal Trade Commission (FTC) is responsible for investigating cases of credit card fraud. However, the FTC is barred from investigating credit card frauds involving amounts less than $2,000. While many are petitioning to get this law changed, many have regularly taken advantage of this limitation and made small purchases across various stores to avoid drawing the FTC's attention.
The FTC also has a role to play when it involves providers who claim to offer credit-related services, such as improving credit score or erasing negative information from consumers' credit reports even if that information is correct. Consumers seeking debt relief or consolidation services should keep in mind the authenticity of the companies they transact with, to avoid becoming victim to such fraudulent claims. There exist many licensed organizations similar to SoFi (https://www.sofi.com/personal-loans/credit-card-consolidation-loans/) that offer the same services but in a standardized and transparent way; consumers should do their research before opting for such services and giving any confidential information away.
As stated earlier, credit card fraud only becomes a federal offense in cases where the amount exceeds $150,000.
Penalties for Federal Credit Card Fraud
Federal credit card fraud is a felony level offense. The length of the incarceration period and the fine to be paid depend on several factors like the amount of money involved in the transaction(s), previous crimes committed, if any, and the location where the crime was committed. 1 2 3 4
Attorney Adam Burke Llc - Columbus, OH Federal Credit Card Fraud Attorney
If you are charged with federal credit card fraud, it is important to hire an experienced and qualified defense attorney who will fight for your rights and freedom. You could be facing severe penalties and having an attorney who will explain your options to you will allow you to better understand your situation. Call Attorney Adam Burke today at (614) 280-9122 for your free consultation.