Legal Question in Credit and Debt Law in Florida
Is it a felony to use credit card to buy merchandise for resale, then use all payments from customers for living expenses, rather than pay credit card. Then seek to pay off credit card at lump-sum discounted rate?
Asked on 8/22/15, 12:31 pm
1 Answer from Attorneys
Barry Kaufman
The Law Office of Barry W. Kaufman
Maybe. If you are thinking about trying this, don't. It smacks of fraud. Whether a prosecutor would prosecute it is an open question that nobody can answer.
Answered on 8/22/15, 12:46 pm