1 post tagged “fraud”

Criminals are very creative. Meaning those criminals who operate with millions. Millions of dirty illegal money that needs to be laundered and legalized. And that is where calling cards may help…

Using long distance international calling cards for money laundering is now very popular in the USA. The scheme is not just simple… it is almost primitive. And its success lies in this primitivism.

Imagine you have 10 millions of bucks in your backpack or something alike. You’ve earned this money… well, let’s say you sold something and never reported this sale to the officials to avoid paying taxes and maybe some other problems. Now you need to legalize this money so that you would be able to buy something from those, who do not accept dirty cash.

There are tons of money laundering schemes available, but as our website is devoted to calling cards and VoIP business, we will describe the scheme popular these days.

You take those 10 millions and go buy calling cards. It’s up to you to decide whether you prefer calling cards for local calls or long distance international calling services. Then you set up your own “premium” number, that you need to pay for to access (like sex on the phone, horoscope etc.) And then… yes, you got it right, you start calling this number with the calling cards you bought. It is an almost automated process and may open as many paid-to-access numbers as you like. Soon you have your money (excluding some 20-25% of losses, which is a very good result for dirty cash laundering) absolutely legal on your bank account.

Easy? Yes. Popular? So far, yes. Punished? Yes, if cought and right now it is almost impossible.