Q:

What is the statute of limitations for credit card fraud?

A:

Quick Answer

According to U.S. federal law the statute of limitations for credit card fraud is five years. After this time period it is impossible for the government to prosecute a credit card fraud offense.

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Full Answer

According to U.S. Code 18 USC 1029, credit cards are considered "access devices" and anyone who knowingly or with fraudulent intent uses, distributes or produces invalid credit cards is subject to prosecution. Those found guilty of credit card fraud can face prison sentences of up to 15 years, as well as a fine and forfeiture of all equipment used in the commission of the crime in question.

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    How do credit card companies investigate fraud?

    A:

    Credit card companies investigate fraud by verifying all information associated with the account, speaking to the business entity where the money was spent and working with law enforcement to find the credit card thief. This process can take a long period of time and may be drawn out for several months depending on the amount of money that was stolen and the circumstances surrounding the account before the credit card was stolen.

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    What is the statute of limitations for a bank robbery?

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    Under federal law, the statute of limitations for bank robbery is five years. After this time has passed, those involved in such crimes cannot be tried at the federal level, though additional state laws may result in charges with longer statutes.

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    What is the statute of limitations on fraud?

    A:

    Many types of federal fraud cases carry a statute of limitations of five years, but some specific instances differ. According to the Pillsbury law firm, 28 U.S.C. Section 2462 limits the time within which an “action, suit or proceeding for the enforcement of any civil fine, penalty or forfeiture” may be brought to “five years from the date when the claim first accrued” in government lawsuits seeking civil penalties.

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    Is there a statute of limitations on Section 8 housing fraud?

    A:

    The applicable law and corresponding statute of limitations depends upon the type of fraud being committed, and who is committing it. One law commonly used to prosecute Section 8 fraud is the Federal False Claims Act, which has a 6 year statute of limitations (31 U.S.C. Section 3731(b)(1)).

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