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Can anyone imagine laundering dirty money through purchasing apps and stickers that are just fronts? Suddenly Facebook becoming complicit in the drug trade, ter
by ses1984 7y ago
Can anyone imagine laundering dirty money through purchasing apps and stickers that are just fronts? Suddenly Facebook becoming complicit in the drug trade, terrorism, human trafficking, like HSBC.
- dageshi 7y agoThis has been happening for years with Valve videogames, so far as I know it hasn't been limited or cracked down on.
- trophycase 7y agoAmazon gift cards are big too
- inetknght 7y agoDo you have more information on that?
- mdorazio 7y ago[1] Provides a general overview of how it can work with virtual currencies. [1] https://www.pcgamer.com/how-microtransactions-and-in-game-currencies-can-be-used-to-launder-money/ https://www.pcgamer.com/how-microtransactions-and-in-game-cu...
- ryanlol 7y agoI think you’re misrepresenting things. Credit card fraud is not terrorism. There’s a plenty of illegal activity related to Valve games, but it’s not the kind mentioned in the parent (drug trade, terrorism, human trafficking). Not at any meaningful scale anyway.
- dageshi 7y agoI'm not talking about credit card fraud. Drug dealer has cash, drug dealer buys Steam gift cards from local 7-11 (or physical stores that carry them) and uses it to load into Steam. Steam has a marketplace, dealer buys hats/skins and then sells them for real money transferred by paypal e.t.c. via the various 3rd party sites that do that kind of thing. Cash is now converted to money in a bank account without ever going into a bank itself.
- ryanlol 7y agoSo you’re personally aware of drug dealers who are doing this? Why wouldn’t they just use some of the many cheaper and simpler methods of getting cash into digital currency?
- mrep 7y agoApp stores too. Ever wonder why some of the top grossing apps have no reviews and are complete garbage/have no functionality?