Israel Keyes Arrested for Access Device Fraud
What is Access Device Fraud?
ANCHORAGE - While the Anchorage Police Department says Israel Keyes is a main suspect in Samantha Koenig's abduction, so far he only faces one federal charge – access device fraud.
“Basically, account number, PIN, anything that allows you to access an account to either gain money or something of value or transfer funds,” said U.S. Attorney Karen Loeffler.
But the law has a limit - access device fraud only applies if someone takes at least $1,000.
It's the same charge the U.S. Attorney's Office levied against Joshua Wade three years before he was charged with first-degree murder in the disappearance of Mindy Schloss.
APD won't confirm or deny whether Israel Keyes used Samantha Koenig's bank card before he was arrested in East Texas in connection with her kidnapping Tuesday.
They call Keyes' arrest a step in the right direction. He could face up to fifteen years in prison for the fraud charge alone.