Should a thief whom has stolen your identity not be punished to the fullest extent, regardless of their current jurisdiction? Technology changes daily, so thieves are receiving more ways to access your information. Your location could be in California, and the person who is trying to access your information could be located in Maine. Distance does not matter to a thief. Their only thoughts are of what they can take away from you and receive with your information. If you happen to own a small business, that could also be in jeopardy. Not only are individuals being targeted, but large corporations are as well. Most of us use computers for our everyday lives. By opening up an email in your personal account, a hacker could retrieve any …show more content…
In his book he talks about how easy it is to retrieve everything he needs to start a new identity with an individual’s information. He called himself “the real father of modern identity theft” (pg.2). After showing no regret for his actions, he was turned down by many publishers. How can a man steal so much from someone and show no remorse for what he did? He was able to hack into major corporations, then access their bank logs. With all that information he was able to take extravagant vacations, purchase large homes and expensive vehicles. He could walk into expensive stores and buy three piece suits without using a dime of his own money. After all the shopping sprees he went on, he would turn around and sell the items to friends or family for a cheaper price and pocket the money. Not only was he stealing money, but he was also making money at the same …show more content…
There is a hotline in which you could call, the website is http://www.idtheftcenter.org/id-theft/victim-resources.html, and there you will be able to live chat with someone or retrieve their phone number and speak to a live agent. Their information is updated regularly to keep you up to date with those people that you should get into contact with. Their help is at no cost to you and they are always willing to help. Another step you could take is to call the companies where you know someone has tried to open an account or credit card in your name. You should also place a fraud alert on your credit report and get a copy that way you can contact the companies in which you didn’t know had been applied to. Next you should report your identity theft to the FTC. Finally, go to your local police station and file a report with them. This will ensure there are multiple investigations open and the thief is more likely to be apprehended. When placing a fraud alert on your reports, ensure that all three credit report companies are notified. Each one provides a different report and there could be accounts on one that are not on the other two. Don’t give up and don’t get
had cash on him and a lot of it. Anytime he needed or wanted something, for example more Jews
Bernie Madoff is one of the greatest conman in history. The Bernie Madoff scandal takes the gold as one of the top ponzi scheme in America. Madoff started the Wall Street firm, Bernard L. Madoff Investment Securities LLC, in 1960. Starting off as a penny stock trader with five thousand dollars, earned from his workings as a lifeguard and sprinkler installer, his firm began to grow with the support of his father-in-law, Saul Alpern, who helped by referred a group of close friends and family. Originally, his firm made markets by the National Quotations Bureau’s Pink Sheets. However, in order to compete with the bigger firms that were trading on the New York Stock Exchange floor, his firm started to use very intelligent computer software that help distributed their quotes in second’s rater then minutes. This software later became the NASDAQ that we know today. In December of 2008 Bernard Madoff confessed that he had embezzling billions of dollars from investors. It is estimated to have lasted nearly two decades, and stolen approximately $64.8 billion. On December 11, 2008 he was arreste...
...ne he didn’t even know. He worked very hard for Wilshiem to make his money. He was constantly taking phone calls from all over the country. It was obvious that he had become a very wealthy man. He even became so well known that a reporter showed up at his house asking for a statement. He had obviously achieved the wealthy lifestyle.
This is the way I discovered last year that I had become a victim of identity theft. Weeks and months later, I learned that, in addition to making fraudulent charges to my credit card, the criminals opened several cell phone accounts using my name, address, date of birth, and social security number. They even had the audacity to have two phones purchased illegally added to my existing, legitimate cell phone account. At times, I loathed opening my mailbox for fear of finding yet another invoice asking me to pay hundreds, sometimes thousands, of dollars for these lowlifes to buy and talk on cell phones. Should you ever find yourself in a similar, unfortunate situation, know that the Internet contains web sites that can he...
Identity theft has been around for decades, so it’s nothing new. The only difference now is that the general public and the government are aware of the problem and actively pursuing strategies to combat it. However, identity theft wasn’t always about stealing someone’s credit card information or trying to extort large amounts of cash. It began mostly as a political tool to stuff ballot boxes or used by teenagers to obtain fake ID’s in order to get around laws that prohibited underage people from participating in certain activities such as drinking alcohol. In more recent years however, identity theft has become much more sophisticated and advanced. With the help of computers and advanced technology, identity theft, especially through the electronic world, has become easier and easier for criminals to acquire. (FBI) Most people who engage in the illegal act typically use it for economic gain, essentially to get rich. As any crimes go, identity theft is a nonviolent crime that is relatively easy to conceal which attracts more people to at...
He Used an organization of bootleggers to create his extensive wealth, similar to the many people that did the same for years during the
Identity theft is one of the most well known fraud and many people try to prevent it while fraudsters are looking for new ways to obtain it. The higher risk groups are college students and children. The main goal is to keep watch over your finances, credit score, bills, and passwords. Never let anyone know too much of your personal things. Families are usually scammed by other family members because they know where everything in that household is. You have to watch who you trust and it is sad. Not a day goes by when someone’s identity isn’t stolen. You can’t prevent all frauds but you can try your best to. Learn the warning signs to different types of fraud and find out solutions to keep yourself, your business, and your family financially, emotionally, and physically safe.
But his path to wanting to be wealthy led to being a criminal. He started off as a street thief. He stole cars and eventually started smuggling cigarettes. Once he became a drug dealer, 15 tons of cocaine were supposedly smuggled everyday. The cartel earned $420 million a week because of this.
Journal of Internet Banking & Commerce, 18(2), 1-11. Retrieved from http://www.arraydev.com/commerce/jibc/. Sullivan, C. (2009). The 'Standard'. Is identity theft really a theft? International Review of Law, Computers & Technology, 23(1/2), 77-87.
Identity theft is divided into three motivational categories namely; financial identity theft, non-financial identity theft and criminal record identity theft (Perl, 2003:176-177). According to Perl (2003:176) financial identity theft takes place when a perpetrator takes a victims’ personal information such as the name of a victim for monetary gain by opening a bank account, withdrawing money from the victim’s bank account, opening a credit card or filing for bankruptcy. During financial identity theft, the victim suffers financial loss or even damaged credit history. The perpetrator creates a damaged credit history in the victim’s name through excessively spending money on the victims’ name, leaving the victims with absurd bills or credit (Perl, 2003:176). The victim of the crime is left with the daunting task of attempting to repair the damaged credit
Over the last ten years people in the United State and around the world have heavily relied more on their debit or credit cards to process transactions of their purchases. In the old days it used to be when you would get your paycheck on Friday and rush to the bank during your break or lunch in order to cash withdraw your funds or deposit them into your account. It used to be where you carry cash to buy groceries, pay bills, and go shopping. Now some people don’t even set foot inside their bank branch because they are paid using direct deposit or the funds are loaded into a debit card provided by their employer. Many employers from around the globe don’t even issue paper check anymore. Bills are often times paid online, babysitters are accepting electronic payment such as PayPal and even food trucks now take electronic payments. According to a Washington Post column by Michelle Singletary society and businesses embrace using cashless ways to pay for things than the old time traditional “cold hard cash”. In my opinion there should still be cash circulating out in the world. My first ...
...and cancel all credit cards, mac cards, and social security numbers. Identity theft can happen to anyone and everyone.
4. Identity theft is financial crime when another person falsely poses as another to acquire money and/or the victim’s assets for their own gain. These people use other’s personal information, such as social security numbers, to open credit card accounts. A person is more vulnerable to identity theft when they leave their personal information in areas where other’s can easily access it. A person who keeps their social security number card in their wallet is also at an increased risk.
III. Thesis Statement: Identity Theft is rapidly becoming a national issue because anyone of us could be a victim of identity theft. How we protect our self, keep our information private, identify any signs of identity theft, and report and repair our credit is up to each one of us. We have to be vigilant about our protecting ourselves from criminals.
In conclusion, identity theft is illegal, unethical and very dangerous to the victim. This is because identity theft can cause a lot of financial and reputation damage to the victim and his/her family. It is a shame that there are so many cases of this crime in the world today. Having said all of this, it is really important to prevent identity theft by being careful of your actions. However, as technology is advancing, it is becoming more and more harder to do so. Due to this fact, it is important for each individual to know what identity theft is and what they can do to prevent it from happening. After this is accomplished, identity theft will be minimized and this world will be a better and safer place.