Fraud In The United States

The purpose of this paper is to make others aware of an epidemic that is sweeping our nation. Fraud has become a vast problem in the United States of America. It is a crime that can be defined as a false representation of a matter of fact—whether by words or by conduct, by false or misleading allegations, or by concealment of what should have been disclosed—that deceives and is intended to deceive another with the intent to commit a crime. Fraud is commonly referred to a number of offenses that involve dishonesty or “fraudulent acts”. In other words, the intent to deceive a person or entity by another for monetary or personal gain.

The most common type of Fraud is Identity Theft. According to the experts in article entitled noidentitytheft.com,

We also fall prey when we receive an application for pre-approved credit cards in the mail and we do not discard them properly by shredding them immediately. Criminals often time complete these applications and have credit card(s) mailed to a different address that is accessible to them. It would also be helpful if we used an alternate location, such as a post office box, to receive our personal mail, this will eliminate the opportunity for predators to going through our home mailboxes. It has even believed that people are going through trash bins looking for information they may use to open accounts. With unauthorized credit cards, criminals will take the maximum amount of cash from the credit cards or max them out completely, leaving the victim wondering where the charges originated from. Offenders also find creative ways to hack into personal and business accounts and steal funds. Most times victims are unaware until their bank notifies them because of insufficient funds in their accounts. Some banks quickly refund the money back to your account and other banks wait until their customers file police reports to verify that the claims are legitimate. It’s helpful to limit what

With a combination of low jeopardy and large profits makes it so attractive to criminals that the U.S. Department of Justice has reported that identity theft has become the #1 for-profit crime in the United States. This crime has evolved far beyond a crime of opportunity by narrow-minded thieves and people with drug habits; it is now a preferred criminal activity that is an enormous business and growing every year. Criminals range from street gangs to drug cartel to organized crime groups who have actively embraced identity theft and cyber-crime as key money-making