Criminal charges for credit card fraud are not to be taken lightly. The penalties can be severe, especially if you’ve tried in a federal court. Prosecutors go all out to get the highest sentences possible to stamp out white-collar crime, with a particular focus on fraud, especially fraud charges on credit cards. The Seriousness of…
Credit card fraud is one of the most prevalent types of fraud and one of the most difficult to prosecute. In the US, less than 1% of credit card fraud is solved annually. If fraudsters are caught they can be charged with civil or criminal offenses. Those found guilty of a credit card fraud crime…
Early in 2023, the Federal Reserve Bank of San Francisco revealed that approximately 51% of all retail transactions are via credit and debit card payments. This creates opportunities for criminals to engage in many credit card fraud types. Drill down further and you’ll see that 65% of credit card holders have been victims of card…
