Credit Card Forum
  1. #1
    mrx
    mrx is offline
    Green Member
    Join Date
    Nov 2010
    Location
    usa
    Posts
    2

    Default How the credit card fraud investigation process works

    I have a pretty good idea who has been committing credit card fraud against me, I also have proof of the perpetrator doing it to someone else. In the case of the other person, I have a letter from a collection agency addressed to the perpetrator's address, in the name of the other victim. Is this good evidence against them? If not, what other forms of evidence do I need for the investigation process? I also would like to know the process of prosecuting a fraud committer, from anyone that has experienced it.
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  2. #2
    Centurion Member Mogul of Pineapples's Avatar
    Join Date
    Jun 2008
    Location
    Smogland
    Posts
    1,396

    Default

    First of all sorry to hear about your situation, I know how much of a hassle that can be to deal with.

    The credit card fraud investigation process I think largely depends on the amount of the fraud and where it originated from. If it took place in a sketchy foreign country using stolen account numbers I doubt it would be investigated thoroughly because there would only be so much that could be done.

    I know with American Express that amounts under $25 are sometimes not investigated and instead Amex absorbs the loss. I recently got scammed $20 on Paypal and filed a fraud report with Amex. My money was refunded instantly but Paypal never received a chargeback from Amex. A couple years ago I had a similar low amount to dispute, illegal sales tax charges, and there was a charge back done but that was only because I specifically requested it and made sure they did it.

    What is the amount of the fraud in your case and is the perpetrator local?
    Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed and linked to. Regardless, anything I say is my honest opinion.

    Current Cards:
    American Express: Blue Cash, Simply Cash Bank of America: WorldPoints Platinum Plus Chase: Amazon, British Airways, Cash Plus Rewards, Freedom, Ink Cash Citi: Thank You Premier, Dividend Platinum Select Discover: More
    Primary Everyday Card: American Express Blue Cash
    Primary Travel Card: Chase Sapphire Preferred
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  3. #3
    mrx
    mrx is offline
    Green Member
    Join Date
    Nov 2010
    Location
    usa
    Posts
    2

    Default

    its $3000 + and it is local.
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  4. Green Member
    Join Date
    Dec 2010
    Location
    ~
    Posts
    3

    Default

    This is what I would find out:

    If the collection agency letter is addressed to the perpetrators address how did that happen and why would the perpetrator use his own address to carry out credit card fraud?
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  5. #5
    Centurion Member Cucumber's Avatar
    Join Date
    Apr 2008
    Location
    Zuma
    Posts
    595

    Default

    Um if there is a credit card fraud investigation process that's news to me!!! j/k but seriously someone scammed my account a few hundred and I knew who did it and there was like nothing done and no one ever contacted me to collect the information I told them I had. I think what happens is that smaller amounts won't be bothered with because the cost of the investigation process would outweigh the $$$ that would be recouped. 3 grand though is a big amount.
    OBAMA
    Stop talking crap about him!
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  6. #6
    Centurion Member Mogul of Pineapples's Avatar
    Join Date
    Jun 2008
    Location
    Smogland
    Posts
    1,396

    Default

    For $3,000 I would imagine it will be taken seriously and the fraud investigation process won't be half-effort.

    Beebop does make a good point - why would the suspect be using his own address?
    Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed and linked to. Regardless, anything I say is my honest opinion.

    Current Cards:
    American Express: Blue Cash, Simply Cash Bank of America: WorldPoints Platinum Plus Chase: Amazon, British Airways, Cash Plus Rewards, Freedom, Ink Cash Citi: Thank You Premier, Dividend Platinum Select Discover: More
    Primary Everyday Card: American Express Blue Cash
    Primary Travel Card: Chase Sapphire Preferred
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  7. #7
    Platinum Member
    Join Date
    Nov 2010
    Location
    Boston
    Posts
    61

    Default

    Credit card fraud is seldom given the an appropriate level of attention by the issuing bank. This is a matter that should be taken care up with the local police department yourself.
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

+ Reply to Thread
 
These forum posts are not provided or commissioned by the bank advertiser. Posts have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
Advertiser Disclosure: The credit card offers that appear on this site are from credit card issuers from which CreditCardForum.com receives compensation. This compensation may impact how and where products appear on this site, including the order in which they may appear within listing categories. CreditCardForum.com does not include all credit card offers that might be available to consumers in the marketplace.