Discussion in 'Making Money' started by MotiveVision, Oct 4, 2013.
Yeah that's laundering - more specifically "money mule".
your nigerian uncle?
It's not money laundering, it's an out and out scam.
The victim will be you as at some point you will have to hand over money.
I'm not sure this is, technically, money laundering as you are receiving a sum of money for providing a service. You are not doing anything illegal, falsifying any information, etc.
1) this is almost certainly a scam
2) if its not, the money itself comes from something illegal and this makes you, by association, part of that -- maybe not with legal ramifications but once you're entangled with this kind of thing, getting untangled can't be a challenge
3) even if it did succeed, you'd have tax implications to deal with. banks frequently report deposits of cash and the government will expect you to declare this later (not sure about UK taxes but I assume it's at least similar).
Bottom line, bad idea.
Thank you for all of the feedback, it means a lot.
I just wonder why he doesn't send it through western union..it's a lot easier and no questions asked.
tell him to open a paypal account
nah, a nigerian prince
There is always first time for everything, just do it and get some real life experience.
Hmm, If i did decide to go ahead with this and ended up being questioned why I've suddenly received 4grand, what would be a good thing to say?
I want a lawyer. That's all you need to day, don't say anything else after that.
Dude this is what it is
Person will sell an item and have the money sent to your bank account.
You will pull cash and give him his cut
Item will never ship and you will be responsible for the refund and maybe fraud charges
"Laundering" implies an illegal origin.
If the money is clean, his wage, etc, then it is NOT laundering, you're doing him a favor. But if the money comes from drug trade, then it's laundering.
There are ways around everything, but is there a way to safely proceed with money laundering..once
Laundering once is just a crime as in laundering for 10 years. The penalty may be less, but it's the same crime.
Sounds like you are going to get scammed. Once you cash out that money and hand it over, the bank is going to give you a call about how the funds that did not clear for that check or about the reversal on the money received. Then you will owe the bank that money.
trust me it's last thing you want to do. Why looking for problem? Better try to start a legit business and put all effort in it. Quick cash is never good.
You already knew the answer
You just needed a 2nd opinion
Shady guys don't turn into good samaritans
Yeah, there's something shady here. For me, it is not worth the hustle and risk - getting into trouble with the law is the last thing I want.
So, I think you should stay away from this, buddy.
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