Denver Credit Card Fraud Lawyer
Fraud Defense for Colorado Residents
Like many other financial crimes, credit card fraud is considered a white collar crime. Depending on the severity of the offense, those who are under investigation for credit card fraud could be facing criminal charges in Colorado as well as federal charges under U.S. Codes 18 USC § 1029. It is also important to be aware that anyone who is facing a credit card fraud charge could also face charges of identity theft which elevates the crime to a Class 4 felony charge under Colorado statutes.
Understanding Credit Card Fraud Charges in Colorado
Credit card fraud is defined as an intention and unauthorized use of another cardholder's account to make purchases or gain financially. It is also important to be aware one does not have to be in physical possession of a credit or debit card to be found guilty of credit card fraud.
When illegal transactions exceed $2,000 perpetrators will be facing both Colorado charges and will also be under investigation by the Federal Trade Commission (“FTC”) who acts in an investigative capacity and will furnish the results of their investigation to the proper authorities. That is why it is imperative you call a credit card fraud lawyer immediately if you are facing charges or have been contacted by a prosecutor and informed that you are under investigation. Any contact from Colorado law enforcement regarding details of a pending credit card fraud case (whether you are the primary suspect or not) warrants the immediate need for a Denver fraud defense attorney.
Actions Taken in Credit Card Fraud
Credit card fraud involves the taking a credit or debit card, or the numbers associated with those cards with the intent to defraud. The intent is to either transfer or the card to another person or to utilize the card to purchased goods or services utilizing the instrument.
Criminal charges may be filed for up to five years after the last illegal transaction was made with an unauthorized credit card, debit card or using the numbers of either.
Penalties for Credit Card Fraud Conviction in Colorado
Since most cases of credit card fraud also result in charges of identity theft under Colorado law these crimes will be classified as a Class 4 felony which will mean a guilty finding will result in jail time of between two and four years, probation of up to one additional year and fines of up to $500,000. Federal penalties could be as much as 20 years in prison, forfeiture of any assets obtained illegally and steep fines.
Potential Additional Charges in Credit Card Fraud Cases
In addition to identity theft charges, those who are charged with credit card fraud may also be charged with forgery, illegal possession of equipment (such as credit card skimmers), illegal use of interstate transportation for the purposes of moving, transferring or shipping credit cards or receipt of stolen goods. These could potentially mean the penalties will be far harsher than the minimum requirements under credit card fraud statutes.
When to Call a Credit Card Fraud Lawyer
Credit card fraud charges are often investigated by multiple agencies both at the state and federal level. There is a relatively good chance you will be notified you are under investigation before you are actually arrested. If you find out you are under investigation for identity theft or credit card fraud of any type, it is imperative to begin working with a Denver white collar criminal defense attorney immediately.
Your freedom, your ability to secure housing and employment and more are on the line if you are charged and subsequently convicted of any charges associated with credit card fraud.
Call a Credit Card Fraud Defense Attorney in Denver
Immediately upon learning you are being investigated for any type of white collar crime including credit card fraud contact the Law Office of Kevin Cahill at (720) 548-2990. Oftentimes, we can help avoid your being indicted on any charges by immediately working with the investigative agency to show them why their investigation will yield no results. We cannot emphasize enough the importance of hiring a credit card fraud lawyer as soon as you find out you are under investigation, even if no charges have been filed against you.
If you have been notified that you are going to be indicted or received threats of indictment, call us immediately; the sooner you get an attorney on your side, the more likely your case is to have a positive outcome. Never discuss anything with a prosecutor or law enforcement officer regarding credit card fraud cases without seeking the advice of a Denver criminal defense attorney; your words could later be used against you in criminal proceedings.