In this educational episode, hosted by Mike Sorrentino, we break down the fundamentals of credit card fraud — how it occurs, how it is detected, and what legal consequences follow. The discussion covers common fraud schemes such as card skimming, unauthorized transactions, identity theft, phishing attacks, and counterfeit card usage.
We also examine the concept of the statute of limitations — the legal time period within which authorities must file charges for financial crimes — and how it varies by jurisdiction and offense severity. Understanding reporting procedures, investigation timelines, and prosecution limits helps clarify how financial fraud cases move through the legal system.
This episode focuses on awareness and prevention, highlighting how consumers and businesses can protect themselves from fraudulent activity.