Possession of Lost or Stolen Credit or Debit Cards Under 720 ILCS 5
In Illinois, possessing lost or stolen credit or debit cards is a criminal offense that can lead to severe penalties, including hefty fines and incarceration. Under the Illinois Compiled Statutes, specifically 720 ILCS 5/16-1.5, this offense is treated with stringent legal measures to combat financial fraud and protect personal financial information. This article delves into the intricate details of this statute, exploring legal definitions, potential penalties, and effective defense strategies for those accused of such offenses.