Amazon Facilitates Money Laundering?!
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2018-02-25 09:00 by Karl Denninger
in Corruption , 203 references Ignore this thread
Amazon Facilitates Money Laundering?!
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From my tipline emailbag -- I would have missed this one, thus thanks are in order!

What the actual ****?

Patrick Reames had no idea why sent him a 1099 form saying he’d made almost $24,000 selling books via Createspace, the company’s on-demand publishing arm. That is, until he searched the site for his name and discovered someone has been using it to peddle a $555 book that’s full of nothing but gibberish.

What sort of criminal enterprise allows someone to register someone else as an "author" for some sort of publication and then lists it for sale without any sort of verification that said person actually was involved in and is financially part of the transaction?

The obvious scam is to "buy" the book using a stolen card and then the thief siphons off the money.  But then, Amazon "credited" that sale to someone else for tax purposes and sent said person a 1099!

That's a criminal felony by the way -- issuing a false 1099 is a federal offense.

26 USC 7206 makes clear that this is a criminal felony carrying penalties of $500,000 per offense to the corporation, and in addition the party issuing the bogus 1099 can be fined three times the amount scammed from the taxpayer who is levied falsely.

Amazon appears to simply not give a **** about verification when it comes to this sort of thing.  What sort of damned jackass accepts without any verification whatsoever that someone has actually written a book (the copyright issues surrounding this are even worse as that's $200 large per copy if the material is stolen!) and then claims, at the end of the year, that they made $24,000 selling same?

Never mind listing "books" for sale that are full of garbage -- in other words, blatant scams as they're not "books" and 30 seconds of someone actually reading the material would make that clear.

Amazon must be shut down.

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