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Discussion => Off topic => Topic started by: bynter on June 20, 2012, 08:18 pm

Title: Idea for Laundering Paypal money?
Post by: bynter on June 20, 2012, 08:18 pm
I was thinking I'd buy a stolen PayPal account from PayPal Store; 5xhp3ntcxfpfd5ig.onion(can anyone here testify to their legitimacy?). Only You know, the money is on a Paypal account. How could I get that shit laundered and into my PayPal/bank/CC account?

One idea I had was making a new account, and listing a fake item for whatever amount I had. Then buy that with the hacked account, and then sell another fake item on my legit account to the newly made account, and it's newly received money (all this would happen on ebay, of course).
Title: Re: Idea for Laundering Paypal money?
Post by: sdesu on June 20, 2012, 09:23 pm
I was thinking I'd buy a stolen PayPal account from PayPal Store; 5xhp3ntcxfpfd5ig.onion(can anyone here testify to their legitimacy?). Only You know, the money is on a Paypal account. How could I get that shit laundered and into my PayPal/bank/CC account?

One idea I had was making a new account, and listing a fake item for whatever amount I had. Then buy that with the hacked account, and then sell another fake item on my legit account to the newly made account, and it's newly received money (all this would happen on ebay, of course).

I don't think it would be a good idea since Ebay and paypal have a buyer protection policy. However, if you were to either do it outside of ebay, I think you could send the money to an mt.gox account, then send that to an instawallet, then through something like coinfog, then to an external wallet. I'm not sure about how mt.gox goes about investigating these types of things, but it may be worth a shot.

sdesu
Title: Re: Idea for Laundering Paypal money?
Post by: nomad bloodbath on June 20, 2012, 09:28 pm
Why on Earth do you need to launder Paypal money as long as it's under 4k a month they don't give a shit.
Also purchasing stolen property is a rookie mistake, esp. if it has to do with currency exchange.
If your money is getting on Paypal from Moneypak why not just use a Moneypak debit card?
Title: Re: Idea for Laundering Paypal money?
Post by: jameslink2 on June 20, 2012, 11:25 pm
Ok, not exactly money laundering more like taking it and hiding where it went to.

So, Just off the top of my head and in no way am I an expert.

Use Paypal to fund a Virwox.com account. (FREE Account but use a hotspot)
Buy L$ (Secondlife game) with it.
Create a free Second Life (www.secondlife.com) account and login to the 3d world. Find a terminal and withdraw the L$ into your SL account

Create or use a second SL account, give the L$ to the second account. Or use the second account to set up a simple store with free items in SL so the first account can buy stuff from a store that the second account owns.

Use second account to create a virwox account and transfer the L$ back into virwox
Convert to bitcoin and move around a bit or to USD and out to another paypal account.

If it was me, I would convert it to bitcoin and then buy gold or silver through coinabul or buy stuff on SR.

Again, I am in no way an expert on this. This is just the idea that comes to my mind.
Title: Re: Idea for Laundering Paypal money?
Post by: jgoods23 on June 21, 2012, 01:09 am
Ok, not exactly money laundering more like taking it and hiding where it went to.

So, Just off the top of my head and in no way am I an expert.

Use Paypal to fund a Virwox.com account. (FREE Account but use a hotspot)
Buy L$ (Secondlife game) with it.
Create a free Second Life (www.secondlife.com) account and login to the 3d world. Find a terminal and withdraw the L$ into your SL account

Create or use a second SL account, give the L$ to the second account. Or use the second account to set up a simple store with free items in SL so the first account can buy stuff from a store that the second account owns.

Use second account to create a virwox account and transfer the L$ back into virwox
Convert to bitcoin and move around a bit or to USD and out to another paypal account.

If it was me, I would convert it to bitcoin and then buy gold or silver through coinabul or buy stuff on SR.

Again, I am in no way an expert on this. This is just the idea that comes to my mind.

The only problem with that is the initial deposit limits on Virwox. IIRC for the first 10 days you can only deposit something like $52 every 24 hours.
Title: Re: Idea for Laundering Paypal money?
Post by: jameslink2 on June 21, 2012, 01:21 am
The only problem with that is the initial deposit limits on Virwox. IIRC for the first 10 days you can only deposit something like $52 every 24 hours.

I did not know that. It must be a limit on the USD into virwox. I did not use a pay pal for my Virwox account, I went from a free second life account into virwox and deposited about 250k L$ to buy bitcoin. I did not run into a single limitation on it.
Title: Re: Idea for Laundering Paypal money?
Post by: jgoods23 on June 21, 2012, 01:59 am
Yeah, I believe the limits only apply to Paypal and credit card deposits. SLL, Bitcoin, and bank transfers are unlimited.