Chapter 1. Identity theft—your money or your life

 

“You may fool all the people some of the time, you can even fool some of the people all of the time, but you cannot fool all of the people all of the time.”

 
 --Abraham Lincoln
 

“But you can come awfully close if people aren’t careful.”

 
 --Steve Weisman

“We’re number one.” That chant can be heard at many sporting events. Being number one generally is a position of great prominence. However, when it comes to scams, being number one is a dubious distinction. Identity theft is and will be for the foreseeable future number one among scams. More than a third of all fraud complaints to the Federal Trade Commission are for identity theft. In 2006, 14 million Americans were victims of identity theft.

Identity ...

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