Credit card fraud is when someone uses your credit card or credit account to make a
purchase you didn’t authorize. This activity can happen in different ways: … Fraudsters
can also steal your credit card account number, PIN and security code to make
unauthorized transactions, without needing your physical credit card.
https://www.experian.com/blogs/ask-experian/credit-education/preventing-fraud/credit-c
ard-fraud-what-to-do-if-you-are-a-victim/
How serious is credit card fraud?
In addition to the identity theft itself, criminals can be punished under federal law for
using devices that facilitate fraudulent activity, such as skimmers or other counterfeit
access devices. Minor offenses can result in fines, jail time, or both, but felony-level
credit card theft and fraud can lead to prison.
https://www.nerdwallet.com/article/credit-cards/credit-card-theft-fraud-serious-crime-pen
alty
Do credit card thieves get caught?
When someone steals your credit or debit card, the odds are slim of ever finding the
thief, much less getting that person prosecuted or even apprehended. … However,
rarely do these actions result in the criminal being caught and prosecuted, says Eva
Velasquez, president of the Identity Theft Resource Center.
https://www.creditcards.com/credit-card-news/true-tales-card-fraud-victims-who-foughtback/
According to Mintel, approximately one out of ten Canadians has been affected by
credit card fraud at some point over the past two years. The study suggests credit
card fraud is more common than the number of people affected by phone scams, debit
card fraud, or identity theft.
https://www.lowestrates.ca/news/credit-card-fraud-affects-1-10-canadians-says-mintel-1
440
Fraud
● 380 (1) Every one who, by deceit, falsehood or other fraudulent means, whether
or not it is a false pretence within the meaning of this Act, defrauds the public or
any person, whether ascertained or not, of any property, money or valuable
security or any service,
○ (a) is guilty of an indictable offence and liable to a term of imprisonment
not exceeding fourteen years, where the subject-matter of the offence is a
testamentary instrument or the value of the subject-matter of the offence
exceeds five thousand dollars; or
○ (b) is guilty
■ (i) of an indictable offence and is liable to imprisonment for a term
not exceeding two years, or
■ (ii) of an offence punishable on summary conviction,
○ where the value of the subject-matter of the offence does not exceed five
thousand dollars.
● Marginal note:
● Minimum punishment
(1.1) When a person is prosecuted on indictment and convicted of one or more
offences referred to in subsection (1), the court that imposes the sentence shall
impose a minimum punishment of imprisonment for a term of two years if the
total value of the subject-matter of the offences exceeds one million dollars.
● Marginal note:
● Affecting public market
(2) Every one who, by deceit, falsehood or other fraudulent means, whether or
not it is a false pretence within the meaning of this Act, with intent to defraud,
affects the public market price of stocks, shares, merchandise or anything that is
offered for sale to the public is guilty of an indictable offence and liable to
imprisonment for a term not exceeding fourteen years.
https://laws-lois.justice.gc.ca/eng/acts/c-46/section-380.html#:~:text=(2)%20Every%20o
ne%20who%2C,an%20indictable%20offence%20and%20liable
The post Credit card fraud first appeared on COMPLIANT PAPERS.