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?