How often do credit card frauds get caught for first time offense credit card theft?

How often do credit card frauds get caught for first time offense credit card theft?

How often do credit card frauds get caught for first time offense credit card theft?

What happens if someone uses your debit or credit card illegally? What are the consequences of credit card fraud? Credit or debit card fraud can lead to jail time and fines. 

Still, the exact penalties vary depending on the extent of the fraud and the amount stolen. This article will discuss credit card fraud and how first-time offense credit card theft gets caught.

Credit Cards fraud

There are several types of credit and debit card fraud. Fraudsters may steal credit card numbers, steal the actual card, open new cards in the victim’s name, or commit other types of fraud. Keeping track of the various types of fraud from a legislative point of view is impossible. To compensate, the laws are written broadly to cover all types of credit card fraud.

In other words, most credit or debit card fraud laws state that using a card fraudulently is prohibited. The laws then specify the penalties based on the amounts involved.

Types of credit card fraud

This subheading will cover everything from skimming credit cards to using your expired credit cards with the intent of stealing the amount in the bank.

Forging credit card information (484 PC) 

Suppose you alter or change the information of the debit card. In that case, you can be There is also “wobbler,” so it will be prosecuted as a felony or misdemeanor. If you get caught, the penalty is a $1000 fine and one year in the country jail, while the felony carries a sentence of up to three years and a $10000 fine. 

See also  How to Withdraw Money from Credit Card without Fees

Fraudulent Retail Transaction (484h PC)

This emerges when you use a forged, stolen, or expired credit card to complete a transaction for which no goods are exchanged. In this case, it allows vendors to keep the money from the transaction without exchanging anything.

Therefore, it is treated in the same way as fraudulent use: Damages less than $950 are prosecuted as petty theft; damages greater than $950 are prosecuted as grand theft.

Skimming in ATM

Credit card readers may be illegally installed inside ATMs by hackers. Moreover, they have a handy device to help them read the information on your card. They only need to be physically close to you for the reader to capture your credit card information. This is known as credit card skimming. 

They can easily clone your card once they have your information. They achieve this by uploading your credit card information to a blank card, commonly known as dummy blank, and then using it illegally for malicious transactions or selling this information on the dark web.

Intensity of offense

Credit card fraud can refer to a variety of activities. Still, the most basic definition is stealing someone’s credit card to gain access to their funds and identity. Even if no money is stolen, stealing a physical credit card or the card’s information is illegal.

If the card is used, the penalty for fraud is more serious. Credit card forgery and identity theft are the most serious types of credit card fraud.

Different states have different laws in classifying credit card fraud. Depending on these factors, credit card fraud can be:

The minor act of vandalism: A minor offense is usually punished with a minimum fine rather than jail time. A minor offense is typically defined as stealing the card but not using it.

Misdemeanor: A combination of a higher monetary fine and jail time may be imposed as punishment. In most cases, a misdemeanor is committed when the conman uses a small sum of money from the stolen credit card.

See also  10 Best Credit Cards for International Hotels and Entertainment in 2023

Felony: This is the most serious crime, and it frequently carries the highest monetary fine and years in prison. This includes increased credit card spending, forgery of credit cards, and identity theft.

Chances of getting caught for a first-time offense

Apart from cash transactions, credit card purchases are easily traceable because they leave an online trail.

However, online con artists use freight forwarders or shipping mules to disguise their addresses to avoid this. Scammers also use the triangulation method to trick investigators.

Let us explain the triangulation method. Triangulation is the process by which a scammer opens multiple eBay accounts and sells legitimate items as they do not own when person “A” purchases the item and deposits the money into the fraudster’s PayPal account. 

Furthermore, the fraudster orders the same item from another seller using the stolen credit card. It has it shipped to person A’s address. The fraudster gets away with the money, while person A receives an item purchased with a stolen credit card.

Investigator’s Next Move

Credit card companies are the first to take action and get involved in a credit card fraud investigation process. The credit card company is alerted to possible fraud by the cardholder, merchant, or suspicious purchases. The credit card company may launch an investigation and then notify law enforcement.

These investigations record and track electronic records, the request of phone or internet service provider (ISP) records, the review of surveillance footage, and the interviewing of witnesses. As soon as you become aware of a possible credit card fraud investigation, notify the authorities.

Tips to keep yourself safe from credit card scam

  • Phishing and skimming are common methods criminals use to steal credit card information, so learn how to protect yourself from such tactics.
  • If you suspect or have confirmed that you are a victim of identity or credit card theft. Immediately freeze your reports, as it will prevent criminals from opening new accounts in your name.
  • Avoid using public Wi-Fi for credit card transactions, and make your passwords difficult to guess.
  • If you’ve been a victim of fraud or theft, notify your credit card company, the police, and the three major credit card bureaus (Experian, TransUnion, and Equifax)
  • Keep notes of the conversations with your issuer and the authorities in case the timeline of your disclosure is ever called into question.
See also  10 Best Credit Cards with High Limits for Fair Credit in 2023


This article discussed the possibility of scammers getting caught in credit card scams. Moreover, we discussed the types of credit card scams their penalty according to the intensity of the crime.

We also discussed how investigation teams track the scammer by countering all tricks. For more news and updates about credit cards, make sure to subscribe to our newsletter and share this article with your family and friends to raise awareness.