Information on identity theft and penalty
February 26, 2009 – 6:27 pmIn this post I am including some facts on identity theft and penalty. Hope this information will make the reader feel secured and safe. You can always visit your state’s official website to know what is the identity theft and penalty in your state. I am just trying to provide a generalized idea about it.
Penalties on identity theft vary from state to state. It is obvious that there will be a series of charges on identity theft since it is not always a black and white issue. Now the question may come in your mind is what the penalty will be like!
The criminal may have to pay compensation equal to the loss incurred for the identity theft. All other damages that might have happened for the loss and the fees given to the attorney for the case may also be charged from the identity theft criminal.
More serious the case is more severe the identity theft penalty. The identity theft and penalty is equally proportional. The more severe the crime more is the amount of identity theft penalty. Well I think this is fair enough.
Do you know how much the penalty can raise upto?
Well it can be $50,000 fine with a imprisonment of 5 years or $100,000 and a imprisonment of 10 years.
Hope this information will make the identity theft criminals to think back before planning an identity theft fraud. For past few years the ID fraud crimes penalty have gotten very harsh.
I will suggest one thing to all my readers the identity theft and penalty will be effective only if the fraud is detected at the right time. If you want to keep yourself save from the identity theft criminals then keep a proper track of your finance. Now-a-days its very easy, you can contact the FTC(Federal Trade Commission) or FACTA(Fair and Accurate Credit Transactions Act) and get a free credit report.
I will request my readers to put in the comment section there own state’s identity theft penalty charges. This will make the other readers aware of the penalties of identity theft.
15 Responses to “Information on identity theft and penalty”
Very good information, though in my country there's a newly passed law againts identity theft i don't know yet how much the fine. Keep em coming
By Aispinay on Feb 28, 2009
Hi Aispinay,
Thank you so much for your comment....Me and my readers will wait to see your next comment ...where you will include the new identity theft charges of your state....
Adriana
By Adriana on Mar 1, 2009
It always happened. People are always doing what is not. Identity theft is hard to stop. The only way not giving them a chance is to keep your credit cards in a safe place and don't just place your data online unless you trust the website.
By jack on Mar 1, 2009
thanks for sharing! nice post:)
By Amelia on Mar 2, 2009
It seems you have so many informative and interesting posts here. Indeed, I will come back to read your future writings.
Thanks!
Realities and Realizations
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By Myraine on Mar 6, 2009
Nice post. I support to punish identity thieves are everywhere also. That act is not very commendable ...
By arlanhas on Mar 6, 2009
I think the identity theft
is a big problem in the USA
and the law is not doing much to solve the problem
By katya on Mar 6, 2009
Hi all,
Thank so much for your valuable feedback.
@ katya
Can you please explain the law that is there in US...... Then it will be a great help for my blogs readers...
Regards,
Adriana
By Adriana on Mar 6, 2009
definitely a must read..
a great post!
keep it up
Financial Literacy
By financial.power on Mar 6, 2009
Good day to you.
Thank you for informing us about the penalties of Identity Theft.
Maybe a post on how to avoid Identity Theft would be just as helpful in waking people up to their vulnerability to these law breakers!
Have a very nice day!
DorothyL
By Dorothy L on Mar 6, 2009
I don't know much details, but there is a branch of the FBI that deal with identity theft
unfortunately they don't do enough
We need to open our eyes and be careful
Just yesterday I got an e-mail from the IRS
saying I need to claim 600. of tax refund
I just want to check the page it look legit but it was not the IRS will not ask you for your back information as a requirement, they could mail you the money.
I wanted to reported but when I when back the page has disappear It said "that page not longer exist"
many people fall into that trap.
do not never give you information to any one
specially in the Web
if you get an e-mail that said you bank need you to confirm you data, do not fallow that link to see what it is its better ti call the bank, they will tell you if its true
sending love
By katya on Mar 6, 2009
@ Dorothy
I have already included a post in my blog ... mentioning few ways to prevent identity theft....
Check this
http://financeglobe.blogsome.com/2009/02/17/practical-ways-to-prevent-identity-theft/
Hope it will be helpful.... Please add your own feedback too....
Adriana
By Adriana on Mar 6, 2009
identity theft?
you mean, stealing my identity for some purposes...
still don't get it?
By xtcphoenix on Mar 7, 2009
I personally think it's not hard enough. I think we tolerate wrong doings and people can endure the penalties we give them, therefore it needs to be even stronger a penalty.
By The Blogger Source on Mar 7, 2009
Identity theft incidents have risen as the economy tumbles. The best way to prevent an identity theft is to plan for one! With an id theft occurring every 3 seconds based on the most recent studies -odds are pretty good if it hasn't happened to you yet -it will.
Adriana asked me to provide tips here to help consumers avoid being scammed. I hope these help...
Click here to get the tips
Stay informed of the latest scams as the more you know -the less likely you will be to fall for them. Visit my blog at http://www.givemebackmycredit.com/blog
By Denise Richardson on Mar 16, 2009