Senate panel considers legislation to stem identity-theft problem. (News).

RCR Wireless News, March, 2002 by Weaver, Heather Forsgren

WASHINGTON--Identity theft is increasing to such a point that in the time it took for one witness at a hearing last week to testify, five Americans could have had their identities stolen.

"In the five minutes that I speak to you, an estimated five more Americans will have their identities stolen. Those five people will spend nearly $6,000 in notary fees, copying charges and legal fees to clear their names. That doesn't count their lost wages or their lost credit. It takes time too. Those five victims will spend somewhere in the neighborhood of 875 hours--or nearly 22 work weeks--dealing with the impacts of the theft over the next two years. One or two of them might even become the subject of a criminal investigation or even become the victim of an arrest...

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