1 thought on “wholesale uga jewelry Credit card cashing is crime or illegal law”
Gordon
nickel free wholesale jewelry Situation. Credit cards are serious and suspected of constituting illegal operations. Because the essence of credit card cashing is to directly transform the credit card in the credit card into cash sets. The cash -to -business merchant colludes with a cardholder to use a credit card for false transactions. In fact, it is a disturbance and violation of financial order. In severe cases, the country involves money laundering, so the country has severely crack down. For cardholders, there is generally no criminal responsibility, but if it is malicious overdraft, it will still constitute a crime of credit card fraud. In addition, personal credit damage is greater. [Legal basis] "Criminal Law" Article 196 has one of the following circumstances. Credit card fraud activities are large, and they are in prison or detention of less than five years. , And impose a fine of less than 20,000 yuan or less; if the amount is huge or other serious circumstances, it is imprisoned for five years and less than ten years, and a fine of more than 500,000 yuan or more than 500,000 yuan; If there are other particularly serious circumstances, in prison or life imprisonment of more than ten years, and fined or confiscated property of 50,000 yuan or less than 500,000 yuan: (1) Use forgery cards, or use false identity to deceive the led by a false identity certificate. Credit cards; (2) useless credit cards; (3) using other people's credit cards; (4) malicious overdraft. The malicious overdraft referred to in the preceding paragraph refers to the actions that the cardholder is illegally possessing, exceeding the prescribed limit or the specified period of overdraft, and the card is still not returned after the card issuance bank is collected. If the theft of the credit card is also used, conviction and punishment shall be determined in accordance with the provisions of Article 264 of this Law.
nickel free wholesale jewelry Situation. Credit cards are serious and suspected of constituting illegal operations. Because the essence of credit card cashing is to directly transform the credit card in the credit card into cash sets. The cash -to -business merchant colludes with a cardholder to use a credit card for false transactions. In fact, it is a disturbance and violation of financial order. In severe cases, the country involves money laundering, so the country has severely crack down. For cardholders, there is generally no criminal responsibility, but if it is malicious overdraft, it will still constitute a crime of credit card fraud. In addition, personal credit damage is greater.
[Legal basis]
"Criminal Law" Article 196
has one of the following circumstances. Credit card fraud activities are large, and they are in prison or detention of less than five years. , And impose a fine of less than 20,000 yuan or less; if the amount is huge or other serious circumstances, it is imprisoned for five years and less than ten years, and a fine of more than 500,000 yuan or more than 500,000 yuan; If there are other particularly serious circumstances, in prison or life imprisonment of more than ten years, and fined or confiscated property of 50,000 yuan or less than 500,000 yuan: (1) Use forgery cards, or use false identity to deceive the led by a false identity certificate. Credit cards; (2) useless credit cards; (3) using other people's credit cards; (4) malicious overdraft. The malicious overdraft referred to in the preceding paragraph refers to the actions that the cardholder is illegally possessing, exceeding the prescribed limit or the specified period of overdraft, and the card is still not returned after the card issuance bank is collected. If the theft of the credit card is also used, conviction and punishment shall be determined in accordance with the provisions of Article 264 of this Law.