President George W. Bush signed into law the Identity Theft Penalty Enhancement Act in July of 2004‚ which amped up the severity of punishment for those who commit certain crimes involving the theft of identity. This bill made it so that an individual could be charged with aggravated identity theft along with the standard version of the crime. This can result in up to two years extra jail time‚ along with punishment for other felonies that may have been committed in conjunction with identity theft.
A person convicted of aggravated identity theft in most cases isn't eligible for probation‚ according to the bill‚ and could even face up to five years in federal prison if charges are in coordination with a terrorist plot.
Also a Crime at the State-level
In states like New York and Kentucky‚ theft of identity is considered a Class D felony‚ which means that the criminal who partakes in identity theft is not only responsible for paying back any reparations‚ but could also face serious jail time.
Not only will a criminal be responsible for repaying all damages if they are found guilty of theft of identity‚ but some states will also fine the guilty party up to $100‚000‚ depending on the severity and extent of the crime.
While the penalties are significant at the federal and state-level‚ most of the time‚ theft of identity is an even bigger headache for the victims. When identity theft occurs‚ it can take years to recoup all the losses.