On December 27, 2017, a Gainesville man, Jonathan Bernard King, was arrested for using a financial transaction card on five separate occasions. The card allegedly belonged to someone else, and he was using the card without consent. He was taken to the Hall County Jail and quickly posted bond, which was set at $1,300.00 for each count of Financial Transaction Card Fraud. He received a charge for each instance that he used the card.
As of 2017, Georgia was ranked sixth for the most Identity Theft and Fraud and ranked third for the most Fraud complaints per capita in the United States. The most common types of fraud in Georgia are credit and debit card theft.
Financial Transaction Card Fraud in Georgia
When someone uses another's credit or debit card without obtaining permission or consent from the owner and intends to defraud them, it is considered Financial Transaction Card Fraud. Georgia also considers the use of a lost, forged, revoked, stolen, or expired card as Financial Transaction Card Fraud.
Individuals are not the only people who can be charged with Financial Transaction Card Fraud. Businesses and their employees can also be found guilty if they know and accept a fraudulent transaction card or if they falsify a card receipt.
Punishment for Financial Transaction Card Fraud in Georgia
A conviction for any fraud crime in Georgia generally comes with a prison term. The penalty for Financial Transaction Card Fraud depends on the value of the money and services. If it is less than $100.00 over 6 months, then you face a fine of up to $1,000.00 or a 1-2 year prison term, or both. If it is more than $100.00 over 6 months, then you will face a felony charge. The felony is a fine of up to $5,000.00 or a 1-5 year prison term, or both.
Receiving a felony Financial Transaction Card Fraud charge will stay on your record. This means you can be denied employment, credit, and housing.
Felony convictions have life-long, severe consequences.
Lawson and Berry and their team of Georgia Fraud Lawyers can help if you or a loved one has been charged with financial transaction card fraud. Remember, a charge is not the same as a conviction, so it is vital to your case to get a lawyer that is knowledgeable in the field of fraud. We have over 50 years of combined experience, and we are available 7 days a week, 24 hours a day. Contact us now.