What is identity theft?

Identity theft is a type of white collar crime that involves the use of someone else’s identity for gain. It is a serious crime that can have have long-lasting consequences for victims. In Washington, identity theft is a Class C felony, which means that your can face up to five years in prison and a fine of up to $10,000 if you are convicted. Identity theft can occur in a variety of ways, including stealing someone’s mail, bank account numbers, credit card numbers, Social Security numbers, or other personal information. Once someone obtains your information, they can use it to pretend to be you and gain access to accounts and credit cards. The thief can also use your information to open new accounts, buy expensive items, take out loans, or even commit other types of fraud. The Identity Theft and Assumption Deterrence Act is a federal law that makes it a crime to transfer or use a means of identification of another person with the intent to commit a crime. This law also provides victims of identity theft with certain rights and remedies, including the right to place a fraud alert on their files, the right to obtain free copies of their credit reports, and the right to receive compensation for losses. Identity theft is a very serious crime and it is important to take measures to protect your identity. Make sure to always shred any documents that contain personal information, use secure passwords for your accounts, and monitor your credit and bank statements regularly. If you do experience identity theft, it is important to act quickly by reporting the crime to the Federal Trade Commission and the police.

Related FAQs

What is bank secrecy law?
What are the penalties for bribery?
How is white collar crime defined?
What is the difference between a white collar crime and a violent crime?
How is bribery committed?
What is the difference between insider trading and market manipulation?
What is insider trading?
How does the statute of limitations apply to white collar crimes?
What is the difference between a white collar crime and a banking crime?
How is a civil lawsuit related to a white collar crime?

What is identity theft?

Related FAQs

Related Blog Posts