Federal fraud charges are financial crimes that have an impact on individuals, businesses and the United States’ economy. Since there are so many issues that can be caused by fraud, the Federal Bureau of Investigation (FBI) takes a strong stance in investigating cases as they arise.
There are many kinds of fraud including:
- Securities fraud
- Mortgage fraud
- Identity theft
- Money laundering
- White collar crimes
- Tax evasion
- Tax fraud
One that is smart to discuss is identity theft since it can impact so many people.
Identity theft happens when someone takes private information such as your birth date, Social Security number, credit card numbers or other kinds and uses that information to defraud you in some way. For a consumer, it might mean that someone takes your credit card and uses it to buy thousands of dollars of items. For someone else, it might mean trying to get a mortgage and finding out one was already taken out in your name.
Identity theft is a significant crime, and it’s bound to affect at least one person. The person who has their identity stolen may suffer from significant financial losses, but those who rely on them, such as children or relatives, also suffer the consequences of identity theft.
How do people get your personal information?
Many times, it’s through hacking into your online accounts, accessing formation in your emails, taking your mail or stealing your wallet or purse.
This is one of the fastest-growing crimes in America. If you are accused of participating in a case of theft, be prepared to defend yourself.