Bitcoin Forum

I came into contact with someone who claims that they are a group of people who do day trading in the Netherlands, by depositing their profits into accounts in Belgium (after which they then demand that the person with the Belgian account transfers a part to their own account). They therefore do not have to pay 52% extra on their profits. (That is what that person claimed, I do not know if this is correct).

That person claimed that I could then hold 30% for myself. Is this too trustworthy and can not I get problems with my bank? What do you think about that?

At first sight I do not think that they can do much wrong with only my bank account number but you never know.

Thanks in advance,

Joris

That sounds super shady, I'd stay away from that if I were you.


Best case you get a profit, but stand to be liable for money laundering.

This means trouble with both the law and your bank. Besides, depending on your local laws you may be required to report any bank transfers of EUR 10.000,- or more to local authorities before making said transaction. For example Germany has the "AWV Meldepflicht" for international bank transfers of EUR 12.500,- and above. I wouldn't be surprised if either Belgium or the Netherlands have similar regulations.


Worst case you stand to be liable for money laundering and are getting scammed.

For example some bank transfers are reversable, which might allow for a potential scam (ie. reverse the initial transaction after you returned part of their money). Or the bank account that you receive the money from isn't theirs to begin with. Other scam tactics may be possible as well.


So yeah, I'd stay away. Even if it were "legit", how are they to gain 52% extra if they pay you 30%? They would have to explain where the money comes from either way, so funneling it through a private bank account wouldn't help much. Besides, any operation of considerable size would likely have a bank account set up and / or company structure that allows for tax optimization without having to funnel it through private bank accounts.

52% extra of what? Are you talking about some kind of tax you be able to skipped if you do this Belgian Bank transfer method? If that man is claiming that technique it is either looking like a big con on his part or he does not know on what he is talking about. One is there is no such kind of tax that is more than 50%, max I see is only 35%. Secondly is after they transfer back your earnings (if you will receive it) you have to be dealing in some kind of money laundering in order to make your bank transfer look like legal, they will question any bank transfer above their limit, U.S. requires KYC on 10,000$ and above transfers.

Sounds like typical money muling. Please see https://www.europol.europa.eu/activities-services/public-awareness-and-prevention-guides/money-muling.

Do you think they can do much with your account number alone?? Yes,, have you heard this theory of using other persons account by sending money to illegal transactions like ISIS or drug cartels to hide the real sender and you’ll be the dummy..

It’s happening in my country and this shady proposals is well-known strategy of such criminal organization.. I hope it is clear that it can put your name and reputation in jeopardy.. And with this evidence can be used as an extortion and blackmailing or be in jail..

I've read a similar history before on the Spanish board (with a couple of Netherlanders implicit as well, and the same kind of offer) and it didn't have a happy ending.
Never, NEVER, trust in somebody offering you "easy money", because such a thing just can't be real, Besides, asking for your bank account number just seems too shady.
It is sadly usual to read this kind of "offers", but they are always scamming. So stay away from them like from the lepra.

If it sounds too good to be true it probably is. I would say most times it is.

I recommend that you stay away from such offers. This is very similar to a Scam. Why would anyone help you? You need to use different methods. You can't even be sure of your friends. When it comes to money, you can't trust anyone. You can transfer money and cryptocurrencies only to your own accounts.

Your money and you are the manager of them, not anyone else. All are risky, I recommend you find a way to enrich yourself, please refer carefully, you may earn less but will be sure because the money is in your wallet.

What made you think that this group cannot do much wrong with your bank account only? The entire game sounds super risky! This is what money laundering is and they are going to use your account to distribute there shady funds into many accounts to effectively hide the origin of the Money. If you don't want the regulator to come looking for you, stay out of this!

By the method of their operations it seems like this group is well organised for such crimes. Those who look for easy money usually fall into their trap. So my suggestion is not to be a part of search organised crimes.

52% sounds to be too large for profit. That's sketchy and your bank account may be at risk. It may even be cover up for a different illegal transaction such as the purpose of drugs etc. Actually, your bank account number is very important and you should keep it secure. These people may use it against you through theft.

When something sounds too good to be true, its probably a lie which is what is happening in this case. Reading through, I see this as a case of money laundering hiding under crypto and the question you need to ask is why can't you transfer the income to them using crypto rather than it going through your bank.

If you are blinded by the percentage profit, you are exposing yourself to huge amount of litigation and even jail term if they are caught in what they are doing which is surely not legit. Your bank account means you can be tracked and traced if need be. I would suggest you find another way to make money because this sound too good to be true.

It sounds like a variation of one of those Nigerian scams. :)

Nah, stay away as I can smell it a scam from afar. You yourself said its too trustworthy then follow your instinct to avoid problems in the future. How can you say that they couldn't do anything wrong with your bank accounts? I have read the other posts above me and its pretty obvious that we are all in a consensus that it's shady so If I were you I wouldn't think of even putting money on those scammers.

I never use such offers. It's very similar to a Scam. I do not like the requirement of many exchanges to provide personal data. But I do. I have nothing to hide. I hope this is a temporary phenomenon. Greedy man always pays twice. You need to look for legal ways of cashing in order not to become a victim of fraud.

They basically want you to be their straw man. The account is yours so you are being responsible for every action done on it. Also, they are avoiding taxes by having you launder the money for them, so worst case scenario if the authorities find out about it they will notify your government about you helping to commit a fraud on their soil.

I don't believe they are trying to scam you, especially if they want to send money to your bank account, but the money is most likely dirty.

Its not really a scam but a clearly way on using up other peoples account to launder money on any cause we dont even know.If i were OPs feet i would skip these offers because once banks do see such shady transactions sooner or later you would really be asked.Then what would you answer? specially if your source of income doesnt really correlate on the amount that gets in into your account?
If you dont like to end up on jail then better to neglect these kind of things.

Better no to trust this kind of transactions, trading is easy to understand if you make time on that you don't need someone who to do this for you. Basically this is scam and don't try to fall on his because your money will be gone for good.

This is possible but would be on long procedures or still debatable which i do see they wont do such thing to scam but its entire plausible.The main concern here is the amount of money being transferred since they are doing trading or they are a group of traders then we can assume it do involves huge numbers.They are too confident on leaving out 30% which makes it shady.You might not get the risk on being scammed but you are risking your reputation.

It could make a mistake about a bank account, and it could be fatal to make a mistake account, you should be wary and careful.

All the previous commentators are quite right considering this scheme to be too risky.

Never ever give your personal information to any strangers and consider your bank account as your personal information, you never know what they got under on their sleeves. And that offer sounded too shady, just make sure you are always ahead of them if they want something from you. So, that just in case of any fail/illegal scheme you got something to counter from them. It's good that you should be suspicious to someone if their offer is like too good to be true.

They cant do much wrong with only your bank account number exposed to them, but it can harm YOU in a very unexpected way.It's not a scam, it's legit, 30% thats a very reasonable amount. It sounds very inticing right? Im sure they are transfering huge amount of money that you'll never expected. Unless if your bank account history matches the volume of transactions that they'll make, or you will be compromised and put into questioning.
Think about it. Theres no easy money, unless if you get super lucky :)