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  #1  
Old 01-30-2019
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Default Teen runs 20mill tax scam

https://www.yahoo.com/lifestyle/geor...212810531.html

Which one of you is it here???
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  #2  
Old 01-30-2019
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Default Re: Teen runs 20mill tax scam

$25mil lol, nothing out of the ordinary
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  #3  
Old 01-31-2019
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Default Re: Teen runs 20mill tax scam

Quote:
Originally Posted by tacgreg View Post
With the US law I think he will spend half his life in prison isnt it?
Nah, maybe 5-10 years. The USA is light on "white collar" crimes but they throw the book at drug offenders by handing out life sentences.

Pretty elaborate scheme this kid was running. I don't think he would have been able to think of this all on his own as a 19 year old. He's probably just the fall-guy who was lured in with promises of easy money.
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Old 01-31-2019
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Default Re: Teen runs 20mill tax scam

Quote:
Originally Posted by phaz0rz View Post
Nah, maybe 5-10 years. The USA is light on "white collar" crimes but they throw the book at drug offenders by handing out life sentences.

Pretty elaborate scheme this kid was running. I don't think he would have been able to think of this all on his own as a 19 year old. He's probably just the fall-guy who was lured in with promises of easy money.
Yes thats might be, maybe he was only "drop". Remember couple years ago european man was cought for 100mill google scam. Now he is spending time in US jail and waiting for sentence. The funny thing that he even do not understand english language and he's computer skills are bellow basics. He was only mule but nobody cares

https://nypost.com/2017/08/17/man-ar...facebook-scam/
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  #5  
Old 01-31-2019
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Default Re: Teen runs 20mill tax scam

what suprises me is that hes of the african american descent................and what doesn't surprise me is that.............hes the african american descent...............
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Old 01-31-2019
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Default Re: Teen runs 20mill tax scam

This:

"he faced forgery charges for allegedly depositing over $60,000 in fraudulent checks to a SunTrust bank"

will be the nail in the coffin though as well
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  #7  
Old 01-31-2019
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Default Re: Teen runs 20mill tax scam

Quote:
Originally Posted by H4ck View Post
what suprises me is that hes of the african american descent................and what doesn't surprise me is that.............hes the african american descent...............
I know right.....Most White Collar Crimes are committed by Caucasians.
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  #8  
Old 02-02-2019
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Default Re: Teen runs 20mill tax scam

Quote:
Originally Posted by MM78 View Post
I know right.....Most White Collar Crimes are committed by Caucasians.


This is why they have the word "white" in them
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  #9  
Old 02-02-2019
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Default Re: Teen runs 20mill tax scam

Quote:
Originally Posted by Best Beauty View Post
only 25mil? come on OP try harder.
Nearly there. 5 posts to go.
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  #10  
Old 02-02-2019
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Default Re: Teen runs 20mill tax scam

Quote:
Originally Posted by walkingupwards View Post
This is why they have the word "white" in them
ooooooh no you didn't! hahahaha......love your comment.
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  #11  
Old 02-03-2019
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Default Re: Teen runs 20mill tax scam

passive aggressive racism.... Noice!

(I avoided going there bc I didn't think it would go over well here.)
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  #12  
Old 02-03-2019
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Default Re: Teen runs 20mill tax scam

Just to understand:

He sold merchandise with long handling time

After sale he would collect tax and remitt to irs

Later he would refund the customer

Then daily he would request a refund from IRS and they would do bank transfer back to him?
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  #13  
Old 02-03-2019
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Default Re: Teen runs 20mill tax scam

Quote:
Originally Posted by Lucky100 View Post
Just to understand:

He sold merchandise with long handling time

After sale he would collect tax and remitt to irs

Later he would refund the customer

Then daily he would request a refund from IRS and they would do bank transfer back to him?
Sounds like you're trying to concoct a recipe here?
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  #14  
Old 02-03-2019
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Default Re: Teen runs 20mill tax scam

The more you read into the story the less sense it makes.

Here's what his fellow Amazon sellers are saying on the Amazon boards. They can't make any sense of how he was able to do this..

AZ link : https://sellercentral.amazon.com/for...mers/441207/16

They don't report enough details of the scam on any of the news outlets I've checked for it to add up. The articles are saying he was making payments directly from his customers' checking accounts to the Georgia DOR. But it doesn't explain how he was getting the bank account info of his customers. That's not info you would be granted as an Amazon seller. He had his own site he was selling on also but it doesn't matter what payment processor you use - none of them are going to give you the routing and account # of customers who pay you, even if they pay with ACH.

Articles say the scam involved overpaying the DOR and requesting refunds, but they also say customers didn't receive their orders. Again, it doesn't matter what payment processor you're using, none of them are going to allow you to sell $20mil worth of merchandise without delivering anything to any of the customers who bought from you. Certainly not Amazon. They'll kick you off the platform completely after your first 1 or 2 INR claims.

I don't know if they're withholding information purposely because this kid exposed a loophole and they're worried about others trying to replicate what he did, or what. But there has to be much more to the story than what's been reported so far.
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  #15  
Old 02-03-2019
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Default Re: Teen runs 20mill tax scam

He used fraudulent bank accounts from his business front for deposits to DOR but was still able to reverse the overpay despite the negative / declined balances
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  #16  
Old 02-04-2019
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Default Re: Teen runs 20mill tax scam

Quote:
Originally Posted by phaz0rz View Post
=But there has to be much more to the story than what's been reported so far.
Very true - but might be limited info coming out to avoid the scam being repeated
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  #17  
Old 02-07-2019
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Default Re: Teen runs 20mill tax scam

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Originally Posted by BigCJ View Post
ROFL, I just spit coffee on my screen.
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  #18  
Old 02-10-2019
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Default Re: Teen runs 20mill tax scam

whenever you want to do something shady.................always go to the immigrants.................they don't give a fvck..........=)


works......everytime lol.....

unless the african american was raised in a white neighborhood with white friends.........and went to church every sunday.......

then your fvcked. 99.99% of the time......thats never the case.....

Last edited by H4ck; 02-10-2019 at 11:45 PM.
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