Being convicted of stealing or using a financial institution’s financial transaction device is a felony and can bring with it serious penalties including imprisonment of up to 4 years. This charge includes hiding, stealing, using or retaining a device without the consent of the institution. A felony charge, its punishments are governed in Michigan by the Michigan Penal Code Act 328 of 1931.
Michigan Penal Code
750.157n Stealing, taking, or removing financial transaction device; possession of fraudulent or altered financial transaction device.
(1) A person who steals knowingly takes, or knowingly removes a financial transaction device from the person or possession of a deviceholder, or who knowingly retains, knowingly possesses, knowingly secretes, or knowingly uses a financial transaction device without the consent of the deviceholder, is guilty of a felony.
(2) A person who knowingly possesses a fraudulent or altered financial transaction device is guilty of a felony punishable by imprisonment for not more than 4 years.
Fraudulent Use of a Financial Transaction Device Attorney Gaylord MI
Commonly known as credit card fraud, being convicted of this or any type of crime involving credit card theft or theft of a financial transaction device, can bring with it serious consequences. Whether you have been charged with actual theft of the device, a credit card or even a gift card, all of these charges are included within the Michigan Penal Code MCL 750.157n. For you to be convicted of these charges, prosecutors are required to prove that you either used, possessed or sold a financial transaction device with the intent to make money or profit in some way. Even if all you have is a pin number for a card that is not yours, you may find yourself convicted of a serious crime. For this reason, it is important that you hire an attorney who understands Michigan laws relating to FTD’s and how to best defend you against these charges.
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