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Paypal- Multiple negative balances

Discussion in 'Business & Tax Advice' started by Akumai, Sep 15, 2016.

  1. Akumai

    Akumai Newbie

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    So, I've had mutliple accounts(around 15 or so) with negative balances more than 100$ but less than 600$, since I used my bank accounts linked to them for instant transfer, but there was no money in the accounts.

    If deliberate, is it a crime? If not, what can they do to me? If its a crime, will repaying the debt help me?
    I imagine the total debt is under 5500$.
     
  2. CRT

    CRT BANNED BANNED

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    If it's linked to your real info is recommend paying off the debt. If it's stealth account you don't need to worry
     
  3. Akumai

    Akumai Newbie

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    not a stealth, but most of the accounts dont have my actual name on them or ssn(none have ssn) I think some are in collections atm

    My main question is if I can be criminally in court
     
  4. Reaver

    Reaver Jr. VIP Jr. VIP

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    If they don't have your real info on them why are you worried about it? If they're not attached to your SSN it's not like they can find you.

    Or can they?
     
  5. Salexes

    Salexes Regular Member

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    It sounds like you linked your bank account with those paypal accounts, so they can get your name via the Bank... Only if you didn't used your real info there, then you are safe.

    EDIT: Did you used the same IP to log into all of them? If yes your real IP or via proxy?
     
  6. CRT

    CRT BANNED BANNED

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    You should be fine unless you live in New Jersey
     
  7. Akumai

    Akumai Newbie

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    I've used my real bank accounts and ip, never actually committed fraud.
     
  8. TheNumbersGuy

    TheNumbersGuy Jr. VIP Jr. VIP

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    It would be awfully hard for them to prove that you did it deliberately more.

    If the Paypal account is under your personal name you maybe fully liable to repay the balance if it were to go to court - if you don't your credit score may be affected as they will likely just sell the debt to a collection agency.

    If the Paypal account is a corporate one, the corporation would be liable for it - if each one of your Paypal accounts are under separate corporations then each one is responsible for their balance owing & if you have no money in those corporations they could declare bankruptcy (however, this is only the case if your companies are incorporated).

    I don't believe it is a crime unless you did it on purpose - its likely just a civil issue & is not criminal.

    PS - I doubt they would chase after someone for $5500 - it wouldn't be worth their time.
     
  9. Jeffersontalks

    Jeffersontalks Regular Member

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    Hey OP, what you are doing is term as fraud. And FRAUD is illegal!!