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The top five districts for credit card fraud offenders were: ♦ Southern District of Florida (67); ♦ Central District of California (64); ♦ Middle District of Florida (22); ♦ Eastern District of Missouri (20); ♦ District of South Carolina (17). Punishment • The average sentence length for credit card fraud offenders was 31$60,000 ...
Credit card theft and fraud is fairly prevalent in the U.S. Here's how common it is, how it's usually prosecuted and how to avoid becoming a victim.
The average guideline minimum and average sentence imposed remained steady over the past five years. ♦ The average guideline minimum increased from 35 months in fiscal
Credit card fraud over $1,000 (or other specified amount) involving the theft of the card or the credit card numbers may lead to a prison sentence of one to five years. Identity theft can be treated more harshly, with prison sentences over five years.
The average sentence for individuals sentenced for credit card and other financial instrument fraud was 27 months. 91.0% were sentenced to prison. 23.4% were convicted of an offense carrying a mandatory minimum penalty; of those individuals, 18.6% were relieved of that penalty.
The main federal statutes prohibiting credit card fraud impose up to 10 or 15 years of imprisonment. Penalties under state laws may depend on factors such as the value of the property fraudulently obtained.
Whoever knowingly in a transaction affecting interstate or foreign commerce, uses or attempts or conspires to use any counterfeit, fictitious, altered, forged, lost, stolen, or fraudulently obtained credit card to obtain money, goods, services, or anything else of value which within any one-year period has a value aggregating $1,000 or more; or
Credit card fraud: Section 18.2-195. et. seq. Class 1 misdemeanor if fraud value is lower than $200 for a period of six months (up to one year in jail and/or fine of up to $2,500), otherwise, class 6 felony (one to five years imprisonment or up to 12 months in jail and/or fine of up to $2,500).
Learn about state and federal Laws and penalties for check fraud, mail fraud, counterfeiting, and credit card fraud.
Credit card fraud can be either a misdemeanor or a felony offense. Punishment starts with fines in the range of $1,000 to $2,500 and can reach up to $25,000 in some cases; in the worst case, you're looking at 15 years in state prison.