What is credit card fraud?
Credit card fraud is illegal activity that involves the use of a credit card to make unauthorized purchases or obtain cash advances. It is a form of identity theft, where someone uses someone else’s credit card details without their permission in order to buy goods or services. In California, credit card fraud is a serious crime that can lead to severe punishments. According to the California Penal Code, it is punishable by up to one year in jail and/or a fine of up to $1000. If the fraud is committed through organized crime or if the amount taken exceeds $500, the charge is upgraded to a felony with potentially longer jail time and heftier fines. Credit card fraud can take many forms including identity theft, skimming, phishing, and counterfeiting. Identity theft occurs when someone uses someone else’s credit card information to make purchases without the cardholder’s permission. Skimming is the illegal collection of credit card information, usually by using a device to scan the card. Phishing involves sending emails, text messages, or phone calls to unsuspecting victims in order to obtain their credit card information and other personal data. Finally, counterfeiting involves creating fake credit cards with stolen information. No matter which form of credit card fraud is committed, it is illegal in California and violators can face serious repercussions. Consumers should be vigilant and take steps to safeguard their credit card information from fraudsters.
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