Identity Theft Fraud

Identity theft fraud is one of the most common types of fraud. There are various types of identity theft. For example, a social security number may be stolen and in use. A date of birth and your name may be used. These items may be in use to create a birth certificate for someone else using your personal information. Then, an individual may use the birth certificate to obtain employment, which in turn leads to you not declaring income on your taxes reported as your own. This can lead to complex legal situations for the victim. Those who may be the victim of identity theft should pursue legal action to correct the problem.

Fast Facts

  • There was a 22 percent increase in the number of identity theft victims in 2008 of the year 2007.
  • In 2008, there were an estimated 10 million victims of identity theft in the United States, of those known and reported.
  • 11.8 Americans are the victims of identity theft.

identity theft fraud - Financial Planners, Articles and Q&A

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