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> For example, a stuffer buys a stolen payment card off the black market for $10, and uses that card to purchase more than $1,100 worth of goods. After the resh
by wutwutwat 3y ago
> For example, a stuffer buys a stolen payment card off the black market for $10, and uses that card to purchase more than $1,100 worth of goods. After the reshipping service takes its cut (~$550), and the stuffer pays for his reshipping label (~$100), the stuffer receives the stolen goods and sells them on the black market in Russia for $1,400. He has just turned a $10 investment into more than $700. Rinse, wash, and repeat.
That is a lot of moving pieces and risk to take such little away in the end. Why not use the cards to buy crypto and pocket the whole $1100 with no complex network of goons taking half your money and getting heat sent your way? Or, with apps like cash app, venmo, fb payments, google payments, apple payments, hiding the source of a fraudulent transaction through a proxy of easy to create and throw away, bank accounts (those apps are bank accounts) has to be stupid easy. Hell, most of the time you don't have to do any ID verification on those apps if you stay below a certain amount and stay away from known scammers, and even then, fake IDs are better than ever. I'm willing to bet that fraud transactions below a certain amount won't even be looked in to, because the effort would cost more than the lost amount, and 1 billion is pocket change to these card companies, and the losses are either a write off, or federally insured anyway, so they aren't suffering. I bet they use that themselves to have money go missing so they can owe less taxes. People are stealing a made up thing and funneling it through nonsense to get back half of the made up thing, and we care for some reason.
The network described here is overly complex and I don't see the need, but I'm not a criminal network so idk why it is needed. Feels fake though
- zoover2020 3y agoYou're missing the point that even when there's breadcrumbs to take, cybercriminals are still very interested. Typically these operations are scaled so that it adds up and actually can make the fraudsters a lot of money. Don't underestimate the power of scale
- wutwutwat 3y agoThe power of scale is getting them busted because too many people are involved. One person buying up crypto in small amounts or laundring funds through cash apps is not going to get any attention and will be making 2x as much, or need to work half as hard, depending on their goals. A lifestyle fraudster, if you will, who is only concerned with doing enough to live comfortably and doesn't need a startup scale crime network. Greed is what brings them down everytime, startups and criminals