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> Could you enlighten us? How does one launder money through some iOS apps? It’s super obvious, but here you go: Step one: Trick old people into sending you i

> Could you enlighten us? How does one launder money through some iOS apps? It’s super obvious, but here you go: Step one: Trick old people into sending you iTunes gift cards or buy iTunes gift cards with stolen credit cards Step two: Get an app in the App Store and use the iTunes gift cards to buy it many many times Step three: Receive 70% of the money you laundered through the App Store from Apple. Pay taxes on it, and you’ve got clean money.

moralestapia 3y ago
Funny how a "super obvious" thing is out of your reach, though ... That is not money laundering. Come on guys, read a bit, don't just parrot back what you see on Netflix.
- deleted 3y ago
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- xyzzy_plugh 3y ago
  There are "companies" in developing countries that you can send money to who, if you send a large enough amount, will create and publish an app on the app store in your name and use a portion of the funds you give them to purchase stolen credit cards and/or apple store gift cards (usually obtained by some form of credit card fraud), and make purchases of that app, thus washing your original dirty funds. This is money laundering. You can also just buy mass amounts of stolen credit cards that have some moderate odds of successfully accepting some number of small ~$100 charges, so you can just do all this yourself. And folks do.
  - moralestapia 3y ago
    Nope, that's still not money laundering.
    - xyzzy_plugh 3y ago
      If you obtain funds illicitly and transmit them round-trip through a 3rd party, lossily, such that the 3rd party and any outside observer such as the government are unaware that you are both sides, you are laundering money. But please tell me what money laundering is and is not. It's not like I have a close to a decade of real world experience in an industry whose primary goals include combating it and working with relevant authorities.

moralestapia 3y ago

Funny how a "super obvious" thing is out of your reach, though ... That is not money laundering. Come on guys, read a bit, don't just parrot back what you see on Netflix.

deleted 3y ago
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xyzzy_plugh 3y ago
There are "companies" in developing countries that you can send money to who, if you send a large enough amount, will create and publish an app on the app store in your name and use a portion of the funds you give them to purchase stolen credit cards and/or apple store gift cards (usually obtained by some form of credit card fraud), and make purchases of that app, thus washing your original dirty funds. This is money laundering. You can also just buy mass amounts of stolen credit cards that have some moderate odds of successfully accepting some number of small ~$100 charges, so you can just do all this yourself. And folks do.
- moralestapia 3y ago
  Nope, that's still not money laundering.
  - xyzzy_plugh 3y ago
    If you obtain funds illicitly and transmit them round-trip through a 3rd party, lossily, such that the 3rd party and any outside observer such as the government are unaware that you are both sides, you are laundering money. But please tell me what money laundering is and is not. It's not like I have a close to a decade of real world experience in an industry whose primary goals include combating it and working with relevant authorities.