Your report may keep others from experiencing a scam. Government agencies use reports of scams to track scam patterns. They may even take legal action against a company or industry based on the reports. However, agencies usually dont follow up after you report, and cant recover lost money.
How much jail time do you get for scamming?
The maximum penalty for the general offence of fraud in NSW is imprisonment for 10 years.
What are the consequences of getting scammed?
Scamming cases may result in significant loss, not only in terms of financial loss, but also broader social impacts, for example, loss of trust in others (including commercial and/or government institutions) and loss of confidence in commercial markets (IRGI 2007).
Can you go to jail for online scamming?
If youre convicted, the consequences could include being sentenced to time in a state prison, massive fines, and felony probation. The number of victims involved in the scam as well as your criminal history can also play a huge role in how much time you spend in jail as a result of internet crimes.
Can you go to jail for being a scammer?
Online Fraud, Hacking and Phishing in California Most online fraud or cyber crimes are known as “wobblers;” they may be punished as either misdemeanors or felonies. The term of imprisonment may be served in county jail for up to three years.