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This still seems to be happening two years later. A person complained about seeing a book sold under their name for 550 USD. It contained gibberish and the sale
by nixtaken 6y ago
This still seems to be happening two years later. A person complained about seeing a book sold under their name for 550 USD. It contained gibberish and the sales were recorded as income to the IRS even though the owner of the account couldn't find out where the money went. Amazon wouldn't tell her who had opened a bank account in her name. I suppose they prefer to deal with such accounts behind the scenes.
- bserge 6y agoIt's happening on eBay for over a decade. Cheap trinkets and books for insane prices. Except for the impersonation part, I don't understand that tbh.
- rwmurrayVT 6y agoYou avoid the taxes.
- bserge 6y agoOh, so any income reported won't be in your name? Clever, although you would also need bank accounts in others' name. Basically you'd need to use their whole identity, then withdraw the cash, possibly with fake IDs. Which is what they're doing, I guess.
- rwmurrayVT 6y agoYou can open accounts online with ease. I posted about it before if you peek in my profile.
- smokelegend 6y agoWire the funds offshore to a place more willing to look the other way for a small fee:do this a few times to other accounts in other countries, park the clean non-taxed cash offshore, get a cc or debit credit for the clean account...profit Sure you spend sum cash on cleaning the funds, you're still not paying taxes on that cash win/win
- therealx 6y agoIt's not too confusing to me. It gets the IRS off the trail of the actual person getting the money - they don't care that the IRS still wants money - they are confident that it wont get traced. It's truely obfuscation.