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Transaction Card Theft and Fraud

Criminal Defense Lawyer for Financial Transaction Card Theft

If you have been charged with either financial transaction card theft or financial transaction card fraud, you are facing potential felony charges with possible jail time. An experienced defense attorney can help you navigate the legal system and examine all the facts of your case as they relate to the law. Call Mr. Rosensteel as soon as possible so that he can begin preparing your defense.
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"Mr Rosensteel is a top rate attorney, bar none. Not only is he courteous and professional, but he is also tenacious, thorough and committed to his clients. My case was unique, but through Mr Rosensteel’s in depth research, he was able to site some Appellate Court cases that were beneficial to my case. He presented these findings to the judge and was able to have my case dismissed based on his findings. I could not have wished for better representation. Corey Rosensteel is an exceptional attorney and I will be recommending him to all of my friends, co-workers and to anyone who asks!"

Financial Transaction Card Theft

Financial Transaction Card Theft - Class I Felony

Financial transaction card theft is a Class I felony. A person who is convicted of a Class I felony can receive a punishment ranging from 3 to 12 months, depending on prior convictions. A person with no prior convictions must receive community punishment, which is punishment that does not include active jail time and also does not require drug treatment or special probation. However, a person with prior convictions can receive active jail time as punishment.

North Carolina statute provides that there is prima facie evidence of theft when a person has possession or control financial transaction cards that are in the names of two or more people other than his immediate family members. Prima facie evidence means that a presumption arises that the person committed the crime, but the person can present evidence to rebut this presumption.
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The North Carolina Court of Appeals has held that the single taking rule does not apply to financial transaction card theft. This means that if a person takes two credit cards from another, this taking can give rise to two counts of financial transaction card theft, even if it occurred in a single act. Similarly, when a person retains two credit cards with the intent to use them, that act can give rise to two counts of financial transaction card theft.
If a person retains a lost, mislaid or mistakenly delivered financial transaction, he might also commit financial transaction card theft. The elements required to prove this crime are:
  • the defendant received; that is, obtained possession of the financial transaction card
  • the financial transaction card was either lost, mislaid, or delivered under a mistake as to the identity or address of the cardholder
  • the defendant knew that the credit card was lost, mislaid, or mistakenly delivered
  • the defendant retained the card with the intent to either sell the card, use it or transfer it to someone other than the cardholder or the issuer
A person can also commit financial transaction card theft by buying a financial transaction card. The elements required to prove this crime are:
  • the defendant bought a financial transaction card from another
  • the defendant bought the card from a person other than the issuer or authorized agent of the credit card issuer
Finally, a person can violate the financial transaction card theft statute by selling a financial transaction card. The elements required to prove this crime are:
  • the defendant sold a financial transaction card to another
  • the defendant was neither the credit card issuer nor the authorized agent of the financial transaction card issuer

Financial Transaction Card Fraud

When a person uses a stolen credit card to obtain goods or services, he commits financial transaction card fraud. The most common way we might think of this crime occurring is when someone takes a stolen credit card to a store and buys goods with it. However, to violate the statute, the credit card does not need to be stolen. It can also be forged, falsely represented, expired or revoked. Note that the crime does not require the person to actually obtain goods by using the credit card, just to intend to defraud for the purpose of obtaining the goods.

The elements of this crime are:
  • the defendant intended to defraud
  • the defendant used a financial transaction card which was either stolen, forged, falsely represented, expired or revoked
  • the defendant knew the financial transaction card which was either stolen, forged, falsely represented, expired or revoked
  • the defendant used the credit card for the purpose of obtaining money, credit, goods, services, or something of value
If a person obtains more than $500 worth of goods, services or value during a six-month period, the crime of financial transaction card fraud is punished as a Class I felony. A person who is convicted of a Class I felony can receive a punishment ranging from 3 to 12 months, depending on prior convictions. A person with no prior convictions must receive community punishment, but a person with prior convictions can receive active jail time as punishment.

If the person obtains no more than $500 worth of goods, services or value during a six-month period, the crime of financial transaction card fraud is punished as a Class 2 misdemeanor. Punishment for a Class 2 misdemeanor ranges from 1-60 days, depending on whether the person has any prior convictions. A person with no prior convictions must receive community punishment, but a person with prior convictions can receive active jail time as punishment.

Speak to a Charlotte, NC Credit Card Theft or Fraud Lawyer Today

If you have been charged with financial transaction card theft or financial transaction card fraud, contact an attorney at Rosensteel Fleishman, PLLC (704) 714-1450, to discuss your options.
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