LYCOS RETRIEVER 
Credit Card Fraud: Criminals
built 647 days ago
As with most white-collar crimes, credit card fraud is a complex legal issue. Experienced legal representation can benefit an accused person in many ways, especially if involved early on in the process. In addition to representing the accused in court, the right attorney may be able to negotiate lesser charges, or perhaps even prevent criminal charges from ever being filed. If you know or believe that you are being investigated for credit card fraud, protect your rights with skilled legal representation.
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Counterfeit credit card use: This represents the largest category of credit card fraud, involving Canadian issued cards, with 37% of all dollar losses. Organized criminals have acquired the technology that allows them to "skim" the data contained on magnetic stripes, manufacture phony cards, and overcome such protective features as holograms.
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[C]redit card thieves can damage your credit report by applying for additional credit cards and loan products under your name. Each time they make an application a hard inquiry is sent to your credit bureau. Each time a hard inquiry is made another negative dent is made into your credit rating. If the criminal applies for thirty cards for instance they could lower your credit rating substantially.
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