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0 pointsthrowaway0a5e5y ago0 comments

And where do you get the cash? This scheme is part of how you convert illegitimate money (usually stolen CCs in the case of eCommerce) into cash.

You set up a bank account and amazon seller account you control in someone else's name. Then you use your stolen CCs to buy the "book" from yourself thereby converting credit card details into money in an account you control. From there you can get the money out in a multitude of ways (or launder it again through the same or another method) depending on your risk tolerance.

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gruez5y ago

>And where do you get the cash? This scheme is part of how you convert illegitimate money (usually stolen CCs in the case of eCommerce) into cash.

why not just buy it from amazon directly? does ebay/paypal have looser anti-fraud systems than amazon?

>You set up a bank account and amazon seller account you control in someone else's name. Then you use your stolen CCs to buy the "book" from yourself thereby converting credit card details into money in an account you control.

That doesn't work because if you funnel a bunch of stolen credit card purchases into that account, it will quickly get flagged for an unusually high chargeback rate.

throwaway0a5eOP5y ago

>why not just buy it from amazon directly? does ebay/paypal have looser anti-fraud systems than amazon?

Every additional step is an additional level of obfuscation.

I don't get what you mean by "buy it directly". You don't want the book and you don't want to be buying things for yourself using illegitimate money.

>That doesn't work because if you funnel a bunch of stolen credit card purchases into that account, it will quickly get flagged for an unusually high chargeback rate.

I shouldn't have mentioned CCs. Nobody is buying $500 books with credit cards that are likely to charge back. You generally use those for drop-shipping scams where you list $5 toilet brushes for $4.95 on another site and then use the stolen CC to pay. Say you list on eBay and buy on Amazon, the people will dispute Amazon charges but it doesn't matter because the happy customers of your eBay account are getting their $4.95 toilet brushes just fine. $500 books could be an intermediary step where you have $24k sitting in a sketchy account you control (toilet brush business is booming) and you need to siphon it out. You'll be the only one buying the book so no charge-back risk.

dkersten5y ago

> I don't get what you mean by "buy it directly". You don't want the book and you don't want to be buying things for yourself using illegitimate money.

I took it to mean buying the gift cards from Amazon/physical store, rather than going through ebay.

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