lying on a credit card application

[SPLP]

Saw this :--I am sure none on this site lie
Legal consequences of lying on a credit card application
Puffing up your income isn't fibbing, it's fraud, and you can be jailed for it
By Martin Merzer

This is a cautionary tale to keep in mind the next time you're filling out an application for a new credit card.

Once upon a time, not very long ago, there was a man named David P. Gaylord who lived in Rochester, N.Y. He allegedly inflated his reported income on three credit card applications. Now, lots of time hangs over him -- up to 90 years in the slammer, if he is convicted.

did not post the link as it was on another credit card site and know i would be "yelled"

if want to read google it

[gozalim]

I would guess his getting charged had something to do with his declaring bankruptcy and defaulting on thousands of dollars on those cards

[Dan]

The moron racked up $341,118.86 in debt and then declared bankruptcy.

Yup, if that's your plan then watch out! 

[Nitantnel]

Saw this :--I am sure none on this site lie
Legal consequences of lying on a credit card application
Puffing up your income isn't fibbing, it's fraud, and you can be jailed for it

It's Ok, this way we can all Shmooze face to face instead of through a computer...

[Cholentfresser]

It's Ok, this way we can all Shmooze face to face instead of through a computer...

LOL
but you need a computer to sign up for credit cards...

[gozalim]

The moron racked up $341,118.86 in debt and then declared bankruptcy.

Yup, if that's your plan then watch out! 

at the same time; there are people who may legitimately fall into debt/bankruptcy (possibly even עוסקים בצרכי ציבור ) and it suddenly matters which credit card the debt is on; the one you opened as a bochur when you had no documentable income...

[Chaikel]

As far as I'm aware, in order to be convicted of a criminal act, the prosecution must prove criminal intent.

If someone racks up hundreds of thousands of dollars on credit cards, then declares bankruptcy, that sounds like criminal intent (may not be the easiest to prove, but at the very least it is circumstantial)

If someone inflates his income by thousands of dollars, and pays his credit card regularly, there isn't any criminal intent, and he wont be convicted.

[Nitantnel]

LOL
but you need a computer to sign up for credit cards...

Perhaps we'll get a 'deal' and find a jail with computers...

[Chaikel]

In addition many people on this forum have been FR'd an their income didn't match what they reported. Not one person went to jail (at least that I'm aware of)

[Lou Bob]

In addition many people on this forum have been FR'd an their income didn't match what they reported. Not one person went to jail (at least that I'm aware of)

that's because they don't have a computer in their jail to log onto ddf and let us know.

[Avid Reader]

As far as I'm aware, in order to be convicted of a criminal act, the prosecution must prove criminal intent.

If someone racks up hundreds of thousands of dollars on credit cards, then declares bankruptcy, that sounds like criminal intent (may not be the easiest to prove, but at the very least it is circumstantial)

If someone inflates his income by thousands of dollars, and pays his credit card regularly, there isn't any criminal intent, and he wont be convicted.

In SR's case, he basically did the same thing on a much bigger scale; He overstated the assents / income of the company, and all went fine as long as he paid the bills. But once big government - with their by now obviously ill intent - cut his workforce and basically broke up his business, he couldn't pay anymore, and then they charged him with bank fraud.

that's because they don't have a computer in their jail to log onto ddf and let us know.

Lol...

I think most of us (who make some money) that get F/R'd actually pass, even when the income isn't provable.

[myb821]

I think most of us (who make some money) that get F/R'd actually pass, even when the income isn't provable.

how so?

[Avid Reader]

how so?

I should clarify that statement. Many of us pass even when the stated income isn't provable. But as above, you do need some income, and they will likely cut your credit lines.

[FlyFirst]

I lied on an Amex application for my wife, they are asking for proof of income, what should I do??l

[Chaikel]

I lied on an Amex application for my wife, they are asking for proof of income, what should I do??l

Try to plead down to 30 days in jail and probation

[yare]

I lied on an Amex application for my wife, they are asking for proof of income, what should I do??l

repent

[FlyFirst]

They didn't approve her yet, they're waiting for proof

[Nitantnel]

repent

LOL!!

[Yungerman]

The above-mentioned David Gaylord was already sentenced to prison.


http://www.justice.gov/usao/nyw/press/press_releases/Gaylord3.pdf

[leeboy]

If walking earned miles, I'd be in great shape.

Nice!