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Is this a form of money laundering?

Discussion in 'Making Money' started by MotiveVision, Oct 4, 2013.

  1. MotiveVision

    MotiveVision Junior Member

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    Hey,

    Don't want to go into much detail but recently a guy that i know personally was speaking to me and said that he'd like to get me in touch with a relative of his who has money on an account he can't withdraw from or something..it's very confusing..but anyway he said that if I allow him to transfer money to my bank account and successfully withdraw it and give it to him he'll give me a percentage. It's £4,000 to be exact, this guy is quite shady.

    Is this illegal, if so will I get caught?, give me your thoughts please
     
  2. nullvm

    nullvm Newbie

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    Yeah that's laundering - more specifically "money mule".
     
  3. Adlad

    Adlad Jr. VIP Jr. VIP

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    He's probably using you as a middle man for an illegal deal or scam. You should avoid this like the plague.

    I'm assuming the total amount is £4,000? If so your cut is probably gonna be way less than £1,000? Just not worth the trouble. If something does go wrong everything will be on your name and you could have the victim and/or police after you
     
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  4. Panther28

    Panther28 Jr. VIP Jr. VIP

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    your nigerian uncle?
     
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  5. igniteimages

    igniteimages Regular Member

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    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.
     
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  6. eqpaisley

    eqpaisley Junior Member

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    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.

    However:

    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.
     
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  7. MotiveVision

    MotiveVision Junior Member

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    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.
     
  8. black101

    black101 Supreme Member

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    tell him to open a paypal account:D
     
  9. royserpa

    royserpa Jr. VIP Jr. VIP Premium Member

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    nah, a nigerian prince :D:D

    [​IMG]
     
  10. MafiaBoss

    MafiaBoss Elite Member

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    There is always first time for everything, just do it and get some real life experience.
     
  11. MotiveVision

    MotiveVision Junior Member

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    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?
     
  12. YouFeelMeDawg?

    YouFeelMeDawg? BANNED BANNED

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    I want a lawyer. That's all you need to day, don't say anything else after that.
     
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  13. wheewilly

    wheewilly Registered Member

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    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
     
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  14. bartosimpsonio

    bartosimpsonio Jr. VIP Jr. VIP Premium Member

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    "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.
     
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  15. MotiveVision

    MotiveVision Junior Member

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    There are ways around everything, but is there a way to safely proceed with money laundering..once
     
  16. bartosimpsonio

    bartosimpsonio Jr. VIP Jr. VIP Premium Member

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    Laundering once is just a crime as in laundering for 10 years. The penalty may be less, but it's the same crime.
     
  17. Radog

    Radog Registered Member

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    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.
     
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  18. cosanostra

    cosanostra Junior Member

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    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.
     
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  19. nanavlad

    nanavlad Jr. VIP Jr. VIP

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    You already knew the answer

    You just needed a 2nd opinion
    Shady guys don't turn into good samaritans
     
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  20. smartalex

    smartalex Regular Member

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    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.