Will Paypal sue me for 200K USD in negative balance?

seojen · Aug 16, 2021

IYASS said:
THIS. that's why PayPal turned to "GayPal" because of people like OP.

Hahh I thought the same.

Get Hight · Aug 16, 2021

Haha very good. But are your customers getting the money?

seojen · Aug 16, 2021

Get Hight said:
Haha very good. But are your customers getting the money?

I think the customers have been refunded already, the reason his balance is negative, someone corrects me if I'm wrong.

gaynewbie · Aug 16, 2021

Get Hight said:
Haha very good. But are your customers getting the money?

yes, I refunded everyone

thevideoguy · Aug 16, 2021

gaynewbie said:
I am a new member of the forum, I created this account just to ask this question, but I have been a non-member reader for a few months.

I have several paypal stealth accounts. I work with local supply company and there was a serious problem recently...due to the pandemic, the supplier went bankrupt and could not manufacture the products.

So I withdrew all the money and directed all the customers to open disputes and ask paypal for refund to get their money back.

In other words, the loss is with Paypal, adding up all the accounts I have, it is almost 200k USD in negative balance.

Each account has a different identity...do you think it is possible that Paypal can track me or sue me?

View attachment 182484

How did you withdraw the money? If to a real bank account or card in your name then yeah you might see a lawsuit and be reported to certain government agencies (depending on the country your in). Maybe your account names will be recorded on some watch list related to financial fraud or money laundering but depends on the specifics of the situation.

Stealing $200K isn't a joke, that's some serious shit. Depending on the country it could be worse then that if you ended up being pursued as you could face additional criminal charges for fraud if the accounts were verified using stolen identity documents. Is the potential years of legal trouble, fines and jail time worth it?

Again, it really depends on the specifics of the situation and you should definitely not share those here for your own security.

If you can afford to, you should pay the money back asap before they lock the accounts and start investigating. Although I'm guessing you won't do that, lol.

MisterF · Aug 16, 2021

yowahoshi23 said:
PayPal refunded those people thats why he has negative balance in other words all the loss is on Paypal side.

You really are an ass. I'm staggered at times at the stupidity of peoples replies on here. You completely confuse blackhat marketing with money fraud/theft.

This is like saying you condone auto insurance fraud through cash for crash claims because it's the insurance companies who take the hit.

THEY DON'T - They pass the costs onto policyholders in the form of increased premiums.

PayPal will chase these debts, through a debt collection agency in the UK. They might be prepared to write off £200 but not £200k.

Nut-Nights · Aug 16, 2021

MisterF said:
You going to be sharing a cell with Secondeye?

What happens to him? He is in jail?

polecat · Aug 16, 2021

MisterF said:
You really are an ass. I'm staggered at times at the stupidity of peoples replies on here. You completely confuse blackhat marketing with money fraud/theft.

This is like saying you condone auto insurance fraud through cash for crash claims because it's the insurance companies who take the hit.

THEY DON'T - They pass the costs onto policyholders in the form of increased premiums.

PayPal will chase these debts, through a debt collection agency in the UK. They might be prepared to write off £200 but not £200k.

I would agree with all you said.

Blackhat does not mean illegal or fraud act it just means in simple terms you do things against Google policys or rules or do things using automatic software in simple terms.

gaynewbie · Aug 16, 2021

thevideoguy said:
How did you withdraw the money? If to a real bank account or card in your name then yeah you might see a lawsuit and be reported to certain government agencies (depending on the country your in). Maybe your account names will be recorded on some watch list related to financial fraud or money laundering but depends on the specifics of the situation.

Stealing $200K isn't a joke, that's some serious shit. Depending on the country it could be worse then that if you ended up being pursued as you could face additional criminal charges for fraud if the accounts were verified using stolen identity documents. Is the potential years of legal trouble, fines and jail time worth it?

Again, it really depends on the specifics of the situation and you should definitely not share those here for your own security.

If you can afford to, you should pay the money back asap before they lock the accounts and start investigating. Although I'm guessing you won't do that, lol.

stealth bank account...it's not in my name

my customers and supplier are british, but i am not british, i do not want to reveal my country, but i do not live in a first world country nor am i resident in some rich country

Esperanza · Aug 16, 2021

if you link to a bank account withdraw money to your own name. Maybe paypal will investigate out you. And sue you

Generalomosco · Aug 16, 2021

Criminal

paraztos · Aug 16, 2021

This is straight-up stealing from PayPal, I would be surprised if they don't come after you.
Your customers paid for your product, but your supplier went under. Now you had the money from your customers and you could have (and SHOULD HAVE) refunded them. Instead, you took the money for the product that is not delivered and take it off the platform. PayPal being good with customer protection has refunded your orders, BUT you have 200K you should not have. Even better, your actual profit would have been much smaller if you were able to pay your supplier and fulfill the orders.

Danezz · Aug 16, 2021

I think what you did is that you actually created an account, placed many orders with other stealth accounts, withdraw money with the main one and then charged back with the other ones. Ngl that seems a smart scam strategy as long as they won't track you.. if they can track you they will surely sue you. They are desperate for money as any seller knows and as Alexander shared, as he got a legal notice for just -40$ and he had to pay legal expenses too.

HenryObi · Aug 16, 2021

gaynewbie said:
I am a new member of the forum, I created this account just to ask this question, but I have been a non-member reader for a few months.

I have several paypal stealth accounts. I work with local supply company and there was a serious problem recently...due to the pandemic, the supplier went bankrupt and could not manufacture the products.

So I withdrew all the money and directed all the customers to open disputes and ask paypal for refund to get their money back.

In other words, the loss is with Paypal, adding up all the accounts I have, it is almost 200k USD in negative balance.

Each account has a different identity...do you think it is possible that Paypal can track me or sue me?

View attachment 182484

If you knew the supplier has gone bankrupt and can't fulfill orders why then did you withdraw?

paraztos · Aug 16, 2021

HenryObi said:
If you knew the supplier has gone bankrupt and can't fulfill orders why then did you withdraw?

he wanted the money lol

consense · Aug 16, 2021

Nothing will happen.

Patchy420 · Aug 16, 2021

Let someone else to log in into the accounts and they will track someone else

islandman1010 · Aug 16, 2021

gaynewbie said:
for a stealth bank account

because I want the money but I don't want normal people to be victims and lose the money, if someone has to pay, let it be a company of crooks like paypal

There is only 1 crook here and it's you. Your biggest mistake was targeting the UK. Crimes this size get reported by PP to the National Fraud Intelligence Bureau. Their resources are vast and they use the services of GCHQ. There have been many documentaries showing only a part of their work and a stealth PP is never going to save you. So even if PP don't find you you will probably be getting an early morning call from your local law enforcement on behalf of GCHQ.

paraztos · Aug 16, 2021

islandman1010 said:
There is only 1 crook here and it's you. Your biggest mistake was targeting the UK. Crimes this size get reported by PP to the National Fraud Intelligence Bureau. Their resources are vast and they use the services of GCHQ. There have been many documentaries showing only a part of their work and a stealth PP is never going to save you. So even if PP don't find you you will probably be getting an early morning call from your local law enforcement on behalf of GCHQ.

I agree. I doubt they will sue you. I think they'll press charges.

Will Paypal sue me for 200K USD in negative balance?

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