My friend was a victim of identity theft because somehow, someone got his SS # and wiped out his checking account and applied for loans in his name and was approved. He went straight to the bank and filled out all the forms to start the investigation. Question is would the bank reimburse him immediately or after the investigation? How does that work?
His account is with Bank of America and I am not totally buying his story. They had to have got access to his bank account # also and now he wants to borrow money. He didn’t say anything about being reimbursed but another friend told me the bank reimburses actual claims.
I would also think he has a regular checking account without extra insurance against identity theft.

Maryjo

Hi, I used my sister and my mom’s information to get credit cards and loans and I used their already issued credit cards without their permission. They both checked their credit reports and found out about it.They have both threatened to press charges and are in the process of filing a police report. What criminal charges and punishment am I looking to face currently. Do you think I will serve any jail time? I am in Pennsylvania and under Pennsylvania law.

Traci

An illegal immigrant is behind bars charged with identity theft.

35 year old Tixtha Martinez has been residing in Morton. She was arrested Wednesday on three counts of identity theft.

Martinez is accused of opening loans at the Central Mississippi Federal Credit Union using a stolen identity. The victims were from Illinois and contacted the Mississippi Attorney General’s office to report the crime.

Martinez is being held in the Scott County jail. Her bond is set at 75-thousand dollars.
http://www.wlbt.com/Global/story.asp?S=8688359nav=2CSfPHOENIX (Reuters)

Latoyia

His monthly payments are about $900 a month, what will happen to his loans? I am sure he will need to pay them back still, but if he is in jail will they give him a work release? or how will he go about paying them back?

Herminia

A relative came and stayed at our home for a few days. They had access to our home when we were at work and so they could have easily gotten all of our information. Now I find that they have stolen from other relatives and committed identity theft in the past! Is there anything we can do to protect ourselves from accounts being opened or loans made in our name?

Thaddeus