When a credit card is stolen, it can be used to make purchases that range from mundane to extravagant. However, offenders tend to purchase specific items more often than others with stolen credit cards.
Sending Information to Other Offenders
Sometimes, credit card thieves don't use the stolen information themselves. Instead, they'll sell the data to other fraudsters who will do the actual purchasing with the compromised cards. These purchases tend to be more valuable items that can easily be resold for profit. Examples of such items include expensive electronics like laptops, jewelry, and luxury apparel. Because these items are resealable, these items have a higher resale value and can make fraudsters more money in the long run.
Another popular purchase made with stolen credit cards is gift cards. Gift cards can be used to buy a wide range of items and services, making them ideal for thieves who want to make quick purchases without being detected. In addition, many merchants do not require identification when purchasing gift cards, making it even easier for fraudsters to go unnoticed.
Cell phones are a third common purchase made with stolen credit cards. Thieves often use the new devices to access the internet, set up a new email address, and even make calls anonymously. This makes it easier for them to carry out further fraudulent activities, such as creating fake accounts or stealing more personal data from unsuspecting victims. Additionally, cell phones are easy to resell, which means fraudsters may be able to make a profit from the purchase.
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Accused of Credit Card Theft?
If you are accused of credit card theft, it is paramount to promptly contact a lawyer who can help protect your legal rights. That’s where Meade Law Group can step in. Our experienced Johnson City credit card fraud attorneys can review your case and present the best possible outcomes to get you back to living your life. Contact our team online or by phone so we can create a customized solution for your situation. (423) 464-7779