Tag: Identity theft

What is Credit Card Fraud in Colorado?

What is Credit Card Fraud in Colorado?

Credit card fraud is one of the most common types of fraud crimes. Anyone who illegally uses a credit or debit card with the intent to defraud another party, including a vendor, credit card holder, or credit card company, can be charged with this crime. But, what does this really mean? What constitutes an illegal use of a credit or debit card? Here’s what you should know:

Unauthorized Use of a Credit Card

Using another person’s credit card without their permission is considered credit card fraud in Colorado. This crime can be charged as a felony or misdemeanor, depending on the value of the fraud. For example, charging less than $50 to someone’s card is charged as a class 1 petty offense. However, the crime becomes a felony if the value of the illegally obtained goods is more than $2,000.

Illegal Possession of a Credit Card

In the state of Colorado, it is illegal to have a financial device in your possession that you know is lost or stolen. Since a credit card is classified as a financial device, this means it is illegal to have a lost or stolen credit card in your possession. It’s important to note that you do not need to actually use the lost or stolen credit card in order to be charged with this crime. If it is in your possession, you are violating this law.

Having one unauthorized credit card is a class 1 misdemeanor, however the charges are increased if you have more than one unauthorized credit card in your possession.

Identity Theft

Credit card fraud often involves identity theft. For example, let’s say you use someone else’s information to open a credit card account. This is identity theft, so even if you never charge anything to the account, simply getting a credit card with someone else’s information is illegal.

In fact, law enforcement has the right to charge you with this crime even if the credit card application is not approved. The act of applying or completing an application for a credit card with someone else’s information is identity theft, regardless of whether the credit card company issues a card.

If you have been charged with credit card fraud, seek legal representation from the criminal defense attorneys at Reisch Law Firm. Let our team aggressively fight for the best possible outcome in your case. Schedule a free consultation today by calling 303-291-0555 or filling out this online form.

Common Types of Identity Theft

Common Types of Identity Theft

Identity theft is a complex crime that involves the theft of someone’s personal information that is used for another person’s gain. This crime is aggressively prosecuted in the state of Colorado, and anyone who is convicted can face serious consequences. For this reason, it’s important to learn about the different types of identity theft so you know when you could be charged with a crime. Here are some of the most common forms of identity theft:

Financial Identity Theft

This is by far the most common type of identity theft. Financial identity theft occurs when a victim’s personal information is used for the defendant’s financial gain. For example, the defendant may be accused of stealing the victim’s credit card information and using it to make purchases for himself. Financial identity theft can also involve stealing a person’s information in order to open up new credit card accounts in his name.

Medical Identity Theft

This type of identity theft crime is committed when the defendant steals the victim’s personal information and uses it to obtain medical treatment, prescription medications, or any other type of medical service. For example, someone who commits this crime could be accused of stealing the victim’s health insurance information and using it to see a healthcare provider.

Tax-Related Identity Theft

Similar to financial identity theft, defendants who commit tax-related identity theft are motivated by financial gain. This crime involves illegally obtaining someone’s personal information and using it to file fraudulent tax returns in order to obtain large tax refunds from the IRS. This type of identity theft may not be as well known as others, but it is becoming increasingly common.

Criminal Identity Theft

Some defendants are accused of committing criminal identity theft, which occurs when someone provides law enforcement with another person’s information. An example of this type of identity theft would be giving a law enforcement officer another person’s ID when you are pulled over for speeding. Your name would not be attached to the ticket since it would go on the victim’s driving record, which means you would benefit by not having to deal with the consequences of speeding.

Have you been accused of committing identity theft? If so, contact Reisch Law Firm today. Identity theft is a very serious crime, so you will need our experienced criminal defense attorneys on your side. Schedule a free consultation today by calling 303-291-0555 or filling out this online form.