My plan to steal 100K CAD from the banks and buy BTC.

[Allinonbitcoinat21]

I am a 21 year old that runs an online business. My business can be run from anywhere around the world as long as I have a stable internet connection so I could leave Canada for another country.


Since my credit score is so high, if I keep applying for different credit cards I could easily get $100K CAD in credit card funding spread across many different credit cards. Here's my plan: Take all the current cash that I have and buy bitcoin on an exchange and then transfer that bitcoin to a cold wallet. Then after all my current assets are in a bitcoin cold wallet, use all the credit cards that I have to buy $100K CAD worth of bitcoin which I will then transfer to my cold wallet. Once all my assets are in a cold wallet I will travel to a cheap yet safe country like the Phillipeans and run my online business from there.


Since all my assets are in a bitcoin cold wallet and I run a business that can run off the books the banks will not be able to seize a single cent from me. I will comfortably run my business in the Phillipeans with an extra 100K in bitcoin. Then after 7 or 8 years I can return back to Canada if I want and the debt will be wiped off my credit report.


The only problem with this plan is I don't want to be charged with fraud. So I have a lot of ideas to get around this:

1. I can tell the banks that I was duped in a romance scam and I transferred all my money to a girl I was in love with online.
2. I could also say that I fell for an investment bitcoin scam (The one that seniors fall for all the time and lose their life savings)
3. I could say that I put all my bitcoin in a cold wallet which I then lost the keys and passphrase of and can't access anymore. For this plan to work I would have to pay the credit card debt every month for like a year before I dip cause I "lost the keys"

ALSO: Since I don't plan on selling this bitcoin for at least 20-30 years, I don't have to worry about the banks monitoring this address. In 20 years nobody will track the withdraws of this address.

[Findingnemo]

Walter needed millions for a new identity and a desert RV, the Professor planned an entire Spanish opera to rob a mint. But you just needed $100K CAD, and a cold wallet. Efficient Robber.

I didn't read the other parts of your plan.

[Free Market Capitalist]

Walter needed millions for a new identity and a desert RV, the Professor planned an entire Spanish opera to rob a mint. But you just needed $100K CAD, and a cold wallet. Efficient Robber.

I didn't read the other parts of your plan.

I did, but I still have the same opinion as you: that it's nonsense.

OP, why instead of making sophisticated plans that involve acting like an idiot to supposedly get rich if everything goes as planned (it never goes as planned), don't you focus on making plans to get rich without acting like an idiot and without scamming people? You'll sleep much better.

[sokani]

This is what happens when you watch too much Hollywood movies

You're not the first to hatch such a plan and certainly won't be the last, but most times it backfires.

If you value your peace of mind, do not do something stupid that will land you in prison.

Having a small bag and peace of mind is worth more than having a large bag and looking over your shoulders all the rest of your life. Choose wisely.

[OcTradism]

Since all my assets are in a bitcoin cold wallet and I run a business that can run off the books the banks will not be able to seize a single cent from me. I will comfortably run my business in the Phillipeans with an extra 100K in bitcoin. Then after 7 or 8 years I can return back to Canada if I want and the debt will be wiped off my credit report.

I am not a Canadian but what will be effect on your credit points if you leave Canada and don't pay loan interest in 7 or 8 years?

I am unsure as I am not a Canadian citizen but I guess you will have big problems with banks by leaving Canada, and don't pay any loan interest in several years. Will you be well if you return to Canada 8 years later?

Even if you leave the nation, use $100k for purchasing bitcoins, it's better to just hold it than running any business that can bring either profit or loss and can affect your future plan of return to Canada and pay your loan in full loan interests in 8 years for the bank.

[purple_sparkles]

All of us occasionally come up with foolish ideas about how to quickly get a large sum of money, comforting ourselves with the illusion that if we had that amount, and faced no consequences, we could launch into our most successful future. Sometimes these thoughts push us toward impulsive and poorly thought-out actions. Still, it’s better to look for a legal way to earn that money opportunities always exist, you just have to look for them.

[Lucius]

~snip~
The only problem with this plan is I don't want to be charged with fraud. So I have a lot of ideas to get around this.

You have another big problem, which is that you presented your idea publicly, and everything you wrote remains online forever. If you already want to do something like that, than you do that in secret, and not share with whole world. On the other hand, it may be comforting to know that if you are caught, you will be released from prison relatively young, considering your age

[Stalker22]

Good plan OP.  I mean, what could possibly go wrong?  Go for it! 

As a side note, a few days ago you said you would have  $165,000 CAD in savings in two months from now that you could invest in Bitcoin or start your own business.  What happened to that plan?

[Emjay24]

If you succeed in saying all these trash to the bank and they buy your lies, why then are you leaving Canada in a hurry? Your relocating is a major indicator you deceived them and they can raise court action against you. Again your debt might be a problem if you want to reenter Canada in the future, you may be tagged high-risk client and not access financial services readily.

Again I think you're just making up stories and not planning on executing them since you already have your first post story contradicting what you've here now and to me they're all looking like lies.

[Pumpsta]

So your plan is to take like half an apartment worth of $$ from a bank and run with it? If you wanna hit them at least aim higher man Running for $100k sounds stupid as hell. But what do I expect from someone who wants to steal while telling us they don’t want it to be considered fraud.. dude, call it what it is. You’re praising yourself out of ego for doing something shitty.

[Solosanz]

Before you reach 7-8 years for stay in the Philippines to make a lot of money, you might be in jail first.

Are There Any Debts That Could Lead to Jail?

Yes. Jail is possible if the debt involves:

    Court-ordered fines or penalties – ignoring them may lead to contempt of court charges.
    Fraud-related debts – for example, intentionally writing bad cheques or identity fraud.
    Family court obligations – deliberate refusal to pay child support or alimony can result in jail time.

1. I can tell the banks that I was duped in a romance scam and I transferred all my money to a girl I was in love with online.

You have to give the whole information how you can get that girl, are you sure you will able to give it without making any single mistake? remember online dating apps record all logs.

2. I could also say that I fell for an investment bitcoin scam (The one that seniors fall for all the time and lose their life savings)

Possible, but if the government make an investigation with your address and turns out they know who own the address, they will suspect you as the criminal.

3. I could say that I put all my bitcoin in a cold wallet which I then lost the keys and passphrase of and can't access anymore. For this plan to work I would have to pay the credit card debt every month for like a year before I dip cause I "lost the keys"

In 20 years nobody will track the withdraws of this address.

If you use the third option, you have to avoid spending any single satoshi. This is a stupid idea when you lie for something, but it complicate your life.

I'm not sure if 20 years nobody will track your address, how about whales who move their coins after 7-10 years? old crimes or cases that solved after many years?

[tread93]

~snip~
The only problem with this plan is I don't want to be charged with fraud. So I have a lot of ideas to get around this.

You have another big problem, which is that you presented your idea publicly, and everything you wrote remains online forever. If you already want to do something like that, than you do that in secret, and not share with whole world. On the other hand, it may be comforting to know that if you are caught, you will be released from prison relatively young, considering your age

I was thinking the same Lucius, OP has obviously not thought his scheme all the way through. Just to be sure though let's post it entirely online with every fallback option included so that we can all think it though together hehe. OP it is always best to make your money honestly and without fault. Then you wont have to run from anyone or anything in the Phillipines

[Fivestar4everMVP]

ALSO: Since I don't plan on selling this bitcoin for at least 20-30 years, I don't have to worry about the banks monitoring this address. In 20 years nobody will track the withdraws of this address.

Well, brother, you could use this same energy to plan something more genuine and fraud-free, something you can do right there in Canada that would help you buy your desired number of bitcoins and hold, and you won't have to run away from your home country because you will be arrested and charged if you don't run..

Most of the time, crime like this can be committed and the party that committed the crime can successfully run away, but the guity conscience you will have to live with for the rest of your life is also another torment on its own which may not allow you live a normal life and to your actual number of years you would have lived, especially if you are the type of person that is soft hearted and have never gotten involved in any crime before..

And on the other hand, another reality you fail to realize is that, stealing starts with just one successful trial, once done, you discover that after some time, the hunger to try another stealing will become an urge you can't ignore, you will definitely try stealing again, and you will keep doing it until it becomes part of you you can't do without, and one day, you will eventually be caught and your life will become an absolute shit, you won't live to enjoy all of this wealth you stole, then you will realize you shouldn't have walked the path you walked in..

[Aanuoluwatofunmi]

Don't be too smart in your own eye and play games with the government, because it may only take them some time, but they will definitely fish out any abnormal shortcuts.

Then also, me personally, i don't buy the idea of lying in pretense to acheive something that will or may later backfires, remember that government will always verify things with fie deligent.

[Lucius]

---
I was thinking the same Lucius, OP has obviously not thought his scheme all the way through. Just to be sure though let's post it entirely online with every fallback option included so that we can all think it though together hehe. OP it is always best to make your money honestly and without fault. Then you wont have to run from anyone or anything in the Phillipines

Most people would advise him to do that, and a minority would tell him that if he's already planning something like that, the amount should be much higher. 100 000 Canadian Dollars is just over $70k, and I wouldn't spend my whole life looking over my shoulder for that little money. However, I think the OP just has a very vivid imagination, nothing more than that.

[Morcuse]

thats funny haha.
If you have nothing to loss just bet all in black !

[BitHodlers]

The only problem with this plan is I don't want to be charged with fraud. So I have a lot of ideas to get around this:

1. I can tell the banks that I was duped in a romance scam and I transferred all my money to a girl I was in love with online.
2. I could also say that I fell for an investment bitcoin scam (The one that seniors fall for all the time and lose their life savings)
3. I could say that I put all my bitcoin in a cold wallet which I then lost the keys and passphrase of and can't access anymore. For this plan to work I would have to pay the credit card debt every month for like a year before I dip cause I "lost the keys"

You don't want to be charged with fraud so you are considering 3 options of... committing fraud. Really?

Don't be too smart in your own eye and play games with the government, because it may only take them some time, but they will definitely fish out any abnormal shortcuts.

This has nothing to do with the government. Stealing from private banks is different than stealing from the government.

1. I can tell the banks that I was duped in a romance scam and I transferred all my money to a girl I was in love with online.

You have to give the whole information how you can get that girl, are you sure you will able to give it without making any single mistake? remember online dating apps record all logs.

You are overthinking this. He can message himself from another telegram account and delete it after the alleged scam is completed. It's as simple as that.

2. I could also say that I fell for an investment bitcoin scam (The one that seniors fall for all the time and lose their life savings)

Possible, but if the government make an investigation with your address and turns out they know who own the address, they will suspect you as the criminal.

The address never sent any Bitcoin anywhere, it will only receive it. There is nothing to investigate.

3. I could say that I put all my bitcoin in a cold wallet which I then lost the keys and passphrase of and can't access anymore. For this plan to work I would have to pay the credit card debt every month for like a year before I dip cause I "lost the keys"

I'm not sure if 20 years nobody will track your address, how about whales who move their coins after 7-10 years? old crimes or cases that solved after many years?

In this you make somewhat of a good point. Depending on the country there may or may not be some statutes of limitation for this type of crime or fake robbery. If there are then it is likely that this will not be considered a crime by then.

It's still a bad plan though, and cool trick with this line thing.

[Perfectbaby]

I don't see any reason to which you wrote here as this is criminal attempts and if you could plan to dupe the bank what more of people across this forum, meaning people around here should be careful with you as well?
I don't support illegality, it would be better you have to save up for your investment either you join through DCA or save up specific amount and when the money is enough you can buy at once to make up your investment with this you could live a debt free life and than having to play scam your bank through your credit cards and put up stories there which I wouldn't encourage that. Do things right and you would definitely become successful than cheating or scamming which I wouldn't encourage.

[coolcoinz]

Mods will probably delete this stupidity, but let's say they don't.
You think you're the only one with a plan like that?

Banks offer you some credit for free, you just need some money in your account to look like a normal client, so why isn't more people doing that?
I'll give you an example. When I had 20k EUR in my account I was already being offered 10k EUR loan by the bank. I wouldn't even have to apply, they'd just add the money to my account on the same day that I'd say that I want it, no collateral. So I could just turn 30k into bitcoin, send it to an address and go to the police saying I was lured into a scheme via phone.

Why don't more people do it if it's so easy?
Think about it for a moment and what could possibly go wrong with your plan.
You might get away with it, but you also might not. Are you ready to go to jail over 100k?
Always assume the worst. If you could get 100k, but would have to spend 2 years in jail, would you?
To me my time is priceless, I wouldn't trade even a year for 100k.