Common Types of Fraud And Penalties In Illinois


Fraud is a reality in our societies today, and Illinois is no exception. Fraudulent activities can affect anyone, such as individuals, businesses, and the overall economy. In Illinois, the law prohibits many types of fraud, from identity theft to insurance fraud.

Below are what you need to know about some of the most common types of fraud in Illinois and others you may not know about.

Computer Fraud

Computer fraud involves illegal access to a computer or network with the intent to commit fraud or theft. This can include stealing personal information, manipulating data or programs, altering or deleting files, or using deceptive means to gain unauthorized access to a system and access confidential information, financial data, or control over computer systems. Committing computer fraud can lead to severe legal consequences.

Forgery and Financial Institution Fraud

Forgery and financial institution fraud encompass activities such as forging checks or other documents intending to defraud someone of money or property.

Engaging in financial institution fraud is also illegal, such as using counterfeit credit cards. Law enforcement agencies in Illinois work diligently to apprehend and bring fraudsters to justice. Under Article 17, Subdivision 20, conviction on these charges can result in one-year imprisonment and fines up to $2,000.

Counterfeiting Currency

It is a criminal act to create counterfeit bills intending to circulate them in the economy. As counterfeit currency not only affects immediate victims but also erodes public trust in the monetary system.

Counterfeiting money is strictly prohibited under Article 17, Subdivision 25. It is considered a felony offense and can lead to three years imprisonment and fines of up to $25,000 for each crime committed.

Insurance Fraud

Insurance fraud concerns insurers and policyholders, including when dishonest individuals make false claims or intentionally exaggerate losses to obtain undeserved insurance payouts.

This criminal behavior drives up insurance premiums for everyone and strains the resources of insurance companies. Conviction of insurance fraud can result in up to five years in prison and a fine of up to $25,000.

Identity Theft

This occurs when someone uses another individual’s personal information without their permission or knowledge for unlawful or fraudulent purposes. It includes using another person’s name or Social Security number to open credit accounts or stealing someone else’s mail.

Under Article 17, Subdivision 10 of the Criminal Code of 2012, identity theft is considered a severe offense. A conviction for identity theft can result in up to three years imprisonment and a fine of up to $25,000.

Deceptive Practices

Deceptive practices contain various fraudulent activities that deceive consumers or businesses. False advertising, pyramid schemes, and misleading pricing tactics are just a few examples of strategies employed by perpetrators to exploit trust and extract financial gain. Illinois has enacted consumer protection laws to curb such practices and hold those who engage in deceptive behavior accountable.

In summary, you must understand the various types of fraud in Illinois, as you might fall or do something by mistake and face legal consequences. If you find yourself charged with any form of fraud, relying on the service of our experienced legal counsel here at FKMA Law is vital to your case.

Remember, the consequences of fraud can be severe, and taking fast action is essential to protect your interests and mount a solid legal defense.

Contact Franks, Kelly, Matuszewich, and Andrle Attorneys at Law for help with your case today.