Financial Crime World

Financial Crimes in GUAM: A Closer Look at Forgery, Fraudulent Practices, and Telephone Records

In the vast landscape of criminal activity, financial crimes take center stage in undermining the stability of individual finances and the economy at large. Among these crimes, Forgery, Fraudulent Practices, and the manipulation of Telephone Records are prime offenders. In this article, we delve into the regulations outlined in the Guam Statutes, specifically Title 9, Chapter 46, which address these very concerns.

Article 1: Forgery and Fraudulent Practices

Financial crimes, such as Forgery and Fraudulent Practices, can significantly impact both individuals and the economy.

Forgery

Definition

According to the Guam Statutes, Title 9, Chapter 46, Forgery is defined as:

  1. Making a false writing or document;
  2. Completing an incomplete document;
  3. Altering a document without permission.

Intentionally making or completing a document with the goal of deceiving or defrauding others makes the document a forgery.

Consequences

When forgery involves documents of significant value, such as government-issued securities or stock in an organization, it becomes a felony of the second degree. However, when it involves documents of lesser value or just an instrument representing legal relations, Forgery is considered a felony of the third degree, or at most, a misdemeanor.

Penalties

The penalties for Forgery include fines and imprisonment. Additionally, committing Forgery can also damage one’s reputation and trust in personal and professional circles.

Upcoming Articles in this Series

Stay tuned for further articles in this series, where we will explore other financial crimes such as:

  • Criminal Simulation
  • Tampering with Recordable Documents
  • Tampering with Records to Deceive or Conceal
  • Bad Checks
  • Fraudulent Use of Credit Cards

Important Note

This article is for informational purposes only and should not be considered legal advice. For specific concerns and questions, please consult a legal professional.

Conclusion

In a world where financial crime can occur in a blink of an eye, it is crucial to be informed about the laws and regulations designed to prevent and punish such activities. This article series aims to bring clarity and understanding to the often confusing terrain of financial crimes in GUAM.