Credit card fraud can be devastating for the victim, but also the perpetrator. With today’s technology, it’s easier than for information to be digitally stolen. One day, you could be purchasing bath towels online. The next day, another individual could be using the credit card information from states away.
If you are involved in credit card fraud, you may equally suffer financial loss, and more.
What is credit card fraud?
In summary, credit card fraud is the act of stealing someone’s information to obtain things of monetary value. According to Nebraska Revised Statute 28-619, there’s a list of prohibited behaviors, which include:
- Criminal impersonation. This means someone accessed or obtained another person’s personal information and attempted to use their resources with that knowledge.
- Issuing a false financial statement. Another example of credit card fraud is if someone applied for a credit card using another’s information.
- Unauthorized use. Unauthorized credit card use is fraud. For example, the credit card is expired, canceled or counterfeited. The individual used it anyway.
- Criminal possession. In addition, criminal possession is having control over a credit card that was issued to someone else. The credit card could be forged, stolen or lost.
Nebraska has statues to protect people from credit card fraud. The penalties depend on the value of what was lost. If the value is less than $200, it’s considered a Class 2 misdemeanor. Value loss of up to $500 is a Class 2 misdemeanor. Anything more than $500 becomes a felony, with hefty fines and jail time. Regardless if it’s a misdemeanor or felony, the consequences could have negative effects on your future. Attempts are punished as well, even if nothing is gained.
If you have been charged with credit card fraud, it’s wise to seek legal assistance in a timely manner.