January 28, 2008
Washing Money

All those "work from home, earn $$$" signs you see around the neighborhood? Yeah, they're scams. Look, people, if someone asks you to set up a chain in which money gets deposited in one place, is moved around one or more times, and then is withdrawn from a different place, they're trying to use you to launder money. No matter how legitimate they may seem, this multi-step process is always the sign of something fishy going on. These are not nice people, so don't think about doing something clever like accepting the money and then just disappearing. You may end up disappearing more than you wanted!

Posted by scott at January 28, 2008 08:23 AM

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Well, they aren't ALL money-laundering scams. Most of them are actually adverts for MLM schemes; Vector/Cutco, Southern Living, Amway, etcetera. These aren't technically scams because they do sell product; you're just paying two to three times what the product is worth because you have to pay all the way up the chain to the top.

Posted by: DensityDuck on January 28, 2008 10:49 AM

i need it

Posted by: jmb on February 21, 2008 10:02 AM
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