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Hello,
I have someone that is willing to pay me a % of BTC for converting it to USD and sending it to India. Basically they are wanting to send me 2 BTC and I am supposed to convert those to USD (in US) and send to an Indian bank account.
I know usually these things are questionable but since BTC is irreversible... any thoughts on below:
1) Tax implications since these will go towards MISC earnings on W2 and even if I write majority as expenses since most will be sent back in USD.
2) Is this frowned upon since I am not a registered coin exchange in my state of residence?
3) Is this seen as $ launder1ng?
Probably yes to all questions, but wanted to confirm. Thanks guys.
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Almost certainly an illegitimate business. Passing funds which you do not know its source is a huge risk to you and could possibly make you an accomplice to a crime.
Not worth the risk in my opinion.
"if the deal is too good to be true. Then it's probably a scam or a dirty deal"
Be careful of such offers, especially if it's a stranger. Who knows where the money comes from, it could be from selling illegal items such as drugs or financing terrorism. At the end of the day, you will be the one to end up in Jail since an account linked to your identity is involved in the transactions.
Yes it is Illegal that is why they need you to open the account with your own name, and personal details. Its is one of the ways internet fraudsters use in moving and stealing money, I don't know how they do it, but they usually use that created account to File a benefit using your credentials and the fund is being paid to that account and they will withdraw it leaving you with small portion and sometimes they will empty the account entirely, leaving you to pay your bank and government the debt when they discover it was a fraud. Why most of the time they use this account as a means of accepting illegal payments from people who are within that area, which if trace you the account owner will be hold responsible for the crimes committed with that account.
That's too risky in my opinion why would you let other people use your bank account? If it's just due to a few percentages of the sent amount for me I wouldn't risk my name maybe the money that they are going to send or deposit to your account is from money laundering how can you explain it right now to the bank that it wasn't from money laundering?
Think seriously the US has AML Anti-money laundering law if you break the law you have a penalty of around $250k with 5yrs imprisonment.
So do you still want to take a profit from an unknown source?
Unless if it's a bitcoin wallet they deposit to your Bitcoin wallet and just use a mixer to send it again to them. But depositing to your local bank is very risky which is under AML.
Thanks guys, this is very helpful and saving me from some serious implications  This particular person outside of US is doing really well for a few years now but as you all said it is the people in the US that are likely getting scammed and punished... |
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Guys I have a question.
So someone is offering a service where you open a Wells Fargo US bank account in your own name where they transfer money into, and then you are supposed to wire it outside of US while you keeping a % as profit.
I am guessing this is not legitimate at all and not even worth risking? Anyone has any insight on how this works?
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That's a scam or malicious attempt. Avoid clicking links from these PMs.
Thank you! I was sure this has to be a scam but couldn't find that xhexs.vip URL anywhere in google search. |
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Hello folks,
This came from a dating app in USA where a girl claims to be doing very well trading crypto using a "P2P" platform with "time nodes" and she sent me this URL to download an app for my phone to trade USDT/BTC etc. using her "strategies". I am pretty sure it is a scam but the girl seems pretty normal otherwise and has pics with her family and friends that seem real.
site address is xhexs.vip/download and then it redirects to another site. When you install the app, you get a legit looking trading platform that asks you to verify identity using govt issued photo ID and then you can add funds to it for trading.
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Hello @MarkClara
Will you have Windows 10 Pro 5 activation in stock soon? I need Qty.5 keys to activate on 5 different computers. Thanks.
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Help! Did not receive keys after purchasing Qty.2 Win 10 keys for 1 EUR each. Need to buy 3 more but concerned now.
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Unidays requires validation now, does your edu account work with Unidays?
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Thank you for quick communication, Visio key received and activated perfectly.
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Need Visio 2019 key, can you send your LTC wallet address?
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Thank you, new key received.
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Sent you a query on Selly.
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Office 2019 key did not work, says maximum activation has reached. Can you send a new key ASAP?
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Just bought Office 2019 pro plus key, will provide feedback once received. Thanks.
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I just purchased the edu but did not receive product details via email. Can you please resend? This is for invoice# 545f6236b994
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I received a Vietnamese edu email that I can't register with Unidays.
Can you send the US based edu account please?
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Bought Directv account, it says "send it shortly". I thought it was supposed to be instant, can you PM me right away please?
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Nice autobuy service and great price but I must warn that this does not work with Spotify's SheerID check.
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I have never had any luck with Spotify as they actually verify using SheerID to see if you are enrolled into the college. Having .edu email is not enough to get Spotify discount.
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Great guy, had the account setup within few hours, nice deal I got and everything is working great |
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