March 3, 2011

Nevada is #1 State for Scams

The Federal Trade Commission named Nevada as the most scam-ridden state for 2009. They report that close to 11,000 people filed complaints for fraud that year. The majority of the culprits were debt collectors who broke federal laws. Consumers also reported cases of the Nevada crime of identity theft and mortgage fraud.

In the internet age the Nevada crime of identity theft is more rampant than ever. Like it sounds, identity theft is when one person uses another person's ID to commit fraud (such as to get money). Typical acts of ID theft include willingly possessing someone else’s ID card, willingly possessing a stolen ID card, and utilizing another person’s identification to perpetrate a felony or violate a federal law.

The Nevada crime of identity theft carries very harsh penalties, including up to 25 years or more in prison. It's typically prosecuted in federal court under the Identity Theft and Assumption Deterrence Act of 1998. People may commit ID theft by using not only another's name but also their birthday, credit cards, bank account numbers, and social security numbers.

For more on this story go to: http://www.8newsnow.com/story/13882083/nevada-is-scam-central-new-report-finds?clienttype=printable

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