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Is this a scam: Someone promises payment for converting money transfers to Bitcoin?
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up vote
22
down vote
favorite
An online company hired my friend as account assistant. They said to him we are in the business consulting firm. We need a account assistant in every area. The account assistant work is some of company they work with send a money to my friends account by inter account e-transfer. My friend needs to withdraw the money and go to the bitcoin ATM and send the money to our dealers because they are whole sale company and their dealers receive the money only in bitcoin .
My friend thinks about it and wants to do the job.
He want my opinion that's why I asked the question because I don't want my friend face any problems.
scams online-banking bitcoin online-trading
edited yesterday
Davislor
2135
asked yesterday
ashif antor
12013
 |Â
show 10 more comments
up vote
22
down vote
favorite
An online company hired my friend as account assistant. They said to him we are in the business consulting firm. We need a account assistant in every area. The account assistant work is some of company they work with send a money to my friends account by inter account e-transfer. My friend needs to withdraw the money and go to the bitcoin ATM and send the money to our dealers because they are whole sale company and their dealers receive the money only in bitcoin .
My friend thinks about it and wants to do the job.
He want my opinion that's why I asked the question because I don't want my friend face any problems.
scams online-banking bitcoin online-trading
edited yesterday
Davislor
2135
asked yesterday
ashif antor
12013
28
When an "account assistant" for a company has to use his own account instead of the company's one, something is wrong.
– PaÃ…Âlo Ebermann
yesterday
9
No legitimate job will ever make you use your own bank account to do anything except receive a paycheck. Consider: Bitcoin can be bought from anywhere. Why would they need to "hire" someone in a specific area to receive the money, convert it to bitcoin, then send it back?
– Seth R
yesterday
14
this could likely be a form of money laundering, and as such, your friend is doing something punishable by prison in many jurisdictions. Also, that might make him subject of blackmail by organized crime. CALL YOUR FRIEND NOW, make him stop reacting!
– Marcus Müller
yesterday
11
Also, I feel like you know your friend as if he was you. (Can we drop this act?)
– Marcus Müller
yesterday
4
Honestly, does any of this sound legit to you? In general past any specifics if it feels wrong and you need to ask if something is “legit†then just walk away and don’t do it. Scams need someone to be committed to being drawn in. Don’t draw yourself in.
– JakeGould
yesterday
 |Â
show 10 more comments
up vote
22
down vote
favorite
up vote
22
down vote
favorite
An online company hired my friend as account assistant. They said to him we are in the business consulting firm. We need a account assistant in every area. The account assistant work is some of company they work with send a money to my friends account by inter account e-transfer. My friend needs to withdraw the money and go to the bitcoin ATM and send the money to our dealers because they are whole sale company and their dealers receive the money only in bitcoin .
My friend thinks about it and wants to do the job.
He want my opinion that's why I asked the question because I don't want my friend face any problems.
scams online-banking bitcoin online-trading
edited yesterday
Davislor
2135
asked yesterday
ashif antor
12013
An online company hired my friend as account assistant. They said to him we are in the business consulting firm. We need a account assistant in every area. The account assistant work is some of company they work with send a money to my friends account by inter account e-transfer. My friend needs to withdraw the money and go to the bitcoin ATM and send the money to our dealers because they are whole sale company and their dealers receive the money only in bitcoin .
My friend thinks about it and wants to do the job.
He want my opinion that's why I asked the question because I don't want my friend face any problems.
scams online-banking bitcoin online-trading
edited yesterday
Davislor
2135
asked yesterday
ashif antor
12013
edited yesterday
Davislor
2135
edited yesterday
Davislor
2135
edited yesterday
Davislor
2135
2135
asked yesterday
ashif antor
12013
asked yesterday
ashif antor
12013
asked yesterday
ashif antor
12013
12013
28
When an "account assistant" for a company has to use his own account instead of the company's one, something is wrong.
– PaÃ…Âlo Ebermann
yesterday
9
No legitimate job will ever make you use your own bank account to do anything except receive a paycheck. Consider: Bitcoin can be bought from anywhere. Why would they need to "hire" someone in a specific area to receive the money, convert it to bitcoin, then send it back?
– Seth R
yesterday
14
this could likely be a form of money laundering, and as such, your friend is doing something punishable by prison in many jurisdictions. Also, that might make him subject of blackmail by organized crime. CALL YOUR FRIEND NOW, make him stop reacting!
– Marcus Müller
yesterday
11
Also, I feel like you know your friend as if he was you. (Can we drop this act?)
– Marcus Müller
yesterday
4
Honestly, does any of this sound legit to you? In general past any specifics if it feels wrong and you need to ask if something is “legit†then just walk away and don’t do it. Scams need someone to be committed to being drawn in. Don’t draw yourself in.
– JakeGould
yesterday
 |Â
show 10 more comments
28
When an "account assistant" for a company has to use his own account instead of the company's one, something is wrong.
– PaÃ…Âlo Ebermann
yesterday
9
No legitimate job will ever make you use your own bank account to do anything except receive a paycheck. Consider: Bitcoin can be bought from anywhere. Why would they need to "hire" someone in a specific area to receive the money, convert it to bitcoin, then send it back?
– Seth R
yesterday
14
this could likely be a form of money laundering, and as such, your friend is doing something punishable by prison in many jurisdictions. Also, that might make him subject of blackmail by organized crime. CALL YOUR FRIEND NOW, make him stop reacting!
– Marcus Müller
yesterday
11
Also, I feel like you know your friend as if he was you. (Can we drop this act?)
– Marcus Müller
yesterday
4
Honestly, does any of this sound legit to you? In general past any specifics if it feels wrong and you need to ask if something is “legit†then just walk away and don’t do it. Scams need someone to be committed to being drawn in. Don’t draw yourself in.
– JakeGould
yesterday
28
28
When an "account assistant" for a company has to use his own account instead of the company's one, something is wrong.
– PaÃ…Âlo Ebermann
yesterday
When an "account assistant" for a company has to use his own account instead of the company's one, something is wrong.
– PaÃ…Âlo Ebermann
yesterday
9
9
No legitimate job will ever make you use your own bank account to do anything except receive a paycheck. Consider: Bitcoin can be bought from anywhere. Why would they need to "hire" someone in a specific area to receive the money, convert it to bitcoin, then send it back?
– Seth R
yesterday
No legitimate job will ever make you use your own bank account to do anything except receive a paycheck. Consider: Bitcoin can be bought from anywhere. Why would they need to "hire" someone in a specific area to receive the money, convert it to bitcoin, then send it back?
– Seth R
yesterday
14
14
this could likely be a form of money laundering, and as such, your friend is doing something punishable by prison in many jurisdictions. Also, that might make him subject of blackmail by organized crime. CALL YOUR FRIEND NOW, make him stop reacting!
– Marcus Müller
yesterday
this could likely be a form of money laundering, and as such, your friend is doing something punishable by prison in many jurisdictions. Also, that might make him subject of blackmail by organized crime. CALL YOUR FRIEND NOW, make him stop reacting!
– Marcus Müller
yesterday
11
11
Also, I feel like you know your friend as if he was you. (Can we drop this act?)
– Marcus Müller
yesterday
Also, I feel like you know your friend as if he was you. (Can we drop this act?)
– Marcus Müller
yesterday
4
4
Honestly, does any of this sound legit to you? In general past any specifics if it feels wrong and you need to ask if something is “legit†then just walk away and don’t do it. Scams need someone to be committed to being drawn in. Don’t draw yourself in.
– JakeGould
yesterday
Honestly, does any of this sound legit to you? In general past any specifics if it feels wrong and you need to ask if something is “legit†then just walk away and don’t do it. Scams need someone to be committed to being drawn in. Don’t draw yourself in.
– JakeGould
yesterday
 |Â
show 10 more comments
7 Answers
7
active
oldest
votes
up vote
66
down vote
It's a scam. Typically the way this will work is that the scammers will make a fraudulent money transfer into your friend's account. Your friend will convert the funds into Bitcoin and send it off to the scammers. After a few days or weeks, the bank will figure out that the original transfer was fraudulent and come after your friend's bank account to be reimbursed. There's no way to reverse the Bitcoin transfer, so your friend will be held responsible for the missing money.
answered yesterday
Charles E. Grant
4,26021713
my friend already do one transaction now what can he do ? He to much afraid about this job .now what he can do for next step?
– ashif antor
yesterday
24
If it was me? I'd contact the bank, alert them to the possible fraud, and make arrangements to pay them back. A more cautious person might consult a lawyer before talking to the bank. A lot of this depends on how much money is involved, and local law enforcement. If we're talking about $50 then the bank is probably going to be fine with just getting their money back. If we're talking about $5000 which your friend can't pay back, then the bank may go to the local police.
– Charles E. Grant
yesterday
13
@ashifantor Your friend is a money mule.
– David Schwartz
yesterday
2
@MarcusMüller money laundering is a remote possibility but seems dubious to me. Money launderers typically go for higher volume transactions. Laundering $100 or even $1000 at a time involves too much overhead. My bet is that this is a straight forward grift, which is as common as dirt.
– Charles E. Grant
yesterday
5
@CharlesE.Grant Don’t neglect the likelihood that the police will treat the friend as a victim rather than a criminal. I can’t help thinking that all this talk of how the friend is a money-laundering scumbag who could go to jail for years and years is just playing into the scammers’ hands by encouraging victims to keep very quiet.
– David Richerby
19 hours ago
 |Â
show 1 more comment
up vote
45
down vote
It’s a money-laundering scam, and your friend is likely to get into serious trouble, and possibly lose a lot of money, if he takes part.
answered yesterday
Mike Scott
12k3446
Prison is also not out of the question if OP's friend is deemed a party to a money-laundering scheme.
– ApplePie
yesterday
add a comment |Â
up vote
10
down vote
Your friend should go to a lawyer. The lawyer can then make a deal with the government where your friend testifies as to the activities. Your friend may be asked to communicate with his "employer" to get them to do more illegal things. Or required to turn over his email, etc. to the authorities so that they can communicate with the "employer" and get them to give additional information.
If your friend cannot afford a lawyer, then the other alternative is to go to the police directly.
The big thing about this that screams scam is that the money is deposited into your friend's account. A real company would buy bitcoin from its own accounts. Processing through a third party account is either money laundering (your friend could go to jail) or a scam (your friend may lose the money withdrawn to bitcoin). Or both, your friend could be broke and in jail.
There is also a risk that they money is obtained illegally and the deposits into the account can be reversed.
Under no circumstances should your friend continue to participate without informing law enforcement.
answered yesterday
Brythan
16k53752
1
It's going to be hard to get the police interested in investigating this since the criminals likely live in another country from the intended victim and unless he actually lost money, there's been no crime committed yet and no victim. Even with email records, etc it's going to be nearly impossible to track them down. Maybe if he's lucky he can find a computer crime task specialist that's interested, but if the scammers live outside the country, it seems unlikely that they'll spend the effort to pursue the case unless there's a lot of money involved.
– Johnny
21 hours ago
1
@Johnny: It depends on the jurisdiction, but in most places money laundering is a crime regardless of the amount. Also if there is a threshold value and an intention on someone's part to exceed it then this is a crime already in progress.
– Paul Johnson
15 hours ago
add a comment |Â
up vote
6
down vote
This is definitely a scam
Most electronic fund transfers are reversible, whereas bitcoin transactions are final. Your friend will successfully receive the money and transfer it as bitcoin. When the original transfer is reversed for being fraudulent (or even worse proceeds from an illegal act) they money will be reclaimed from your friend's account. He will be out whatever amount was sent as bitcoin.
Even worse the money from the original transfer could be associated with illegal activity, and your friend is now into money laundering and could end up in jail!
This is not a job, it is a scam.
answered yesterday
Bailey S
27715
add a comment |Â
up vote
6
down vote
As other people already replied: it's a scam.
Now you ask: "what can he do?"
He needs to alert the authorities, explain that he was unaware of the fraud, and ask the police what he can do to help stop it. The police may be able, with his help, to stop it and arrest the scammers. At a minimum, he can escape legal prosecution against himself.
answered yesterday
user
28419
add a comment |Â
up vote
3
down vote
The money is real but the source is not legitimate. Typically those are bank transfers from accounts with stolen credentials. If and when the owners of those accounts notify the police, the money will get returned and your brother's bank will demand covering the debt. There will also be criminal investigations with regard to money laundering against your brother.
It is also likely that the bank will cancel his account since your brother signed an agreement that he will use his account only to conduct business in his behalf rather than that of others (exactly because of money laundering laws) and he clearly has wittingly breached the conditions of his account.
He needs to come clean with both his bank and the police and ask for further instructions. If he is very, very lucky, that first transfer was a test balloon that actually won't blow up since its main purpose was to prime your brother for larger work. Then he might even get off reasonably unscathed if he acts now.
add a comment |Â
up vote
0
down vote
This is a scam. There is no bitcoin ATM. The company will take your friends money and run.
answered yesterday
Dheer
46.1k755136
13
I agree that it’s a scam, but there is such a thing as a Bitcoin ATM. For example, I have seen one at Piccadilly Circus Underground station in London.
– Mike Scott
yesterday
6
I agree, this is definitely a scam, but there are bitcoin ATM. I walk by one on my way to work every day.
– Charles E. Grant
yesterday
1
my friend already do one transaction now what can he do ?he just afraided now
– ashif antor
yesterday
@ashifantor What exactly did your friend do. Did he get money into his Bank account and he has purchased bitcoins
– Dheer
yesterday
@Mike, Charles, etc. Bitcoin ATMs are not Automated Teller machines (ATMs) in the normally understood way - they don't allow you to withdraw fiat banknotes from a fiat-denominated personal account at a registered/regulated retail-bank. However the term "Bitcoin ATM" is well understood by anyone familiar with cryptocurrencies.
– RedGrittyBrick
10 hours ago
add a comment |Â
7 Answers
7
active
oldest
votes
7 Answers
7
active
oldest
votes
active
oldest
votes
active
oldest
votes
up vote
66
down vote
It's a scam. Typically the way this will work is that the scammers will make a fraudulent money transfer into your friend's account. Your friend will convert the funds into Bitcoin and send it off to the scammers. After a few days or weeks, the bank will figure out that the original transfer was fraudulent and come after your friend's bank account to be reimbursed. There's no way to reverse the Bitcoin transfer, so your friend will be held responsible for the missing money.
answered yesterday
Charles E. Grant
4,26021713
my friend already do one transaction now what can he do ? He to much afraid about this job .now what he can do for next step?
– ashif antor
yesterday
24
If it was me? I'd contact the bank, alert them to the possible fraud, and make arrangements to pay them back. A more cautious person might consult a lawyer before talking to the bank. A lot of this depends on how much money is involved, and local law enforcement. If we're talking about $50 then the bank is probably going to be fine with just getting their money back. If we're talking about $5000 which your friend can't pay back, then the bank may go to the local police.
– Charles E. Grant
yesterday
13
@ashifantor Your friend is a money mule.
– David Schwartz
yesterday
2
@MarcusMüller money laundering is a remote possibility but seems dubious to me. Money launderers typically go for higher volume transactions. Laundering $100 or even $1000 at a time involves too much overhead. My bet is that this is a straight forward grift, which is as common as dirt.
– Charles E. Grant
yesterday
5
@CharlesE.Grant Don’t neglect the likelihood that the police will treat the friend as a victim rather than a criminal. I can’t help thinking that all this talk of how the friend is a money-laundering scumbag who could go to jail for years and years is just playing into the scammers’ hands by encouraging victims to keep very quiet.
– David Richerby
19 hours ago
 |Â
show 1 more comment
up vote
66
down vote
It's a scam. Typically the way this will work is that the scammers will make a fraudulent money transfer into your friend's account. Your friend will convert the funds into Bitcoin and send it off to the scammers. After a few days or weeks, the bank will figure out that the original transfer was fraudulent and come after your friend's bank account to be reimbursed. There's no way to reverse the Bitcoin transfer, so your friend will be held responsible for the missing money.
answered yesterday
Charles E. Grant
4,26021713
my friend already do one transaction now what can he do ? He to much afraid about this job .now what he can do for next step?
– ashif antor
yesterday
24
If it was me? I'd contact the bank, alert them to the possible fraud, and make arrangements to pay them back. A more cautious person might consult a lawyer before talking to the bank. A lot of this depends on how much money is involved, and local law enforcement. If we're talking about $50 then the bank is probably going to be fine with just getting their money back. If we're talking about $5000 which your friend can't pay back, then the bank may go to the local police.
– Charles E. Grant
yesterday
13
@ashifantor Your friend is a money mule.
– David Schwartz
yesterday
2
@MarcusMüller money laundering is a remote possibility but seems dubious to me. Money launderers typically go for higher volume transactions. Laundering $100 or even $1000 at a time involves too much overhead. My bet is that this is a straight forward grift, which is as common as dirt.
– Charles E. Grant
yesterday
5
@CharlesE.Grant Don’t neglect the likelihood that the police will treat the friend as a victim rather than a criminal. I can’t help thinking that all this talk of how the friend is a money-laundering scumbag who could go to jail for years and years is just playing into the scammers’ hands by encouraging victims to keep very quiet.
– David Richerby
19 hours ago
 |Â
show 1 more comment
up vote
66
down vote
up vote
66
down vote
It's a scam. Typically the way this will work is that the scammers will make a fraudulent money transfer into your friend's account. Your friend will convert the funds into Bitcoin and send it off to the scammers. After a few days or weeks, the bank will figure out that the original transfer was fraudulent and come after your friend's bank account to be reimbursed. There's no way to reverse the Bitcoin transfer, so your friend will be held responsible for the missing money.
answered yesterday
Charles E. Grant
4,26021713
It's a scam. Typically the way this will work is that the scammers will make a fraudulent money transfer into your friend's account. Your friend will convert the funds into Bitcoin and send it off to the scammers. After a few days or weeks, the bank will figure out that the original transfer was fraudulent and come after your friend's bank account to be reimbursed. There's no way to reverse the Bitcoin transfer, so your friend will be held responsible for the missing money.
answered yesterday
Charles E. Grant
4,26021713
answered yesterday
Charles E. Grant
4,26021713
answered yesterday
Charles E. Grant
4,26021713
answered yesterday
Charles E. Grant
4,26021713
4,26021713
my friend already do one transaction now what can he do ? He to much afraid about this job .now what he can do for next step?
– ashif antor
yesterday
24
If it was me? I'd contact the bank, alert them to the possible fraud, and make arrangements to pay them back. A more cautious person might consult a lawyer before talking to the bank. A lot of this depends on how much money is involved, and local law enforcement. If we're talking about $50 then the bank is probably going to be fine with just getting their money back. If we're talking about $5000 which your friend can't pay back, then the bank may go to the local police.
– Charles E. Grant
yesterday
13
@ashifantor Your friend is a money mule.
– David Schwartz
yesterday
2
@MarcusMüller money laundering is a remote possibility but seems dubious to me. Money launderers typically go for higher volume transactions. Laundering $100 or even $1000 at a time involves too much overhead. My bet is that this is a straight forward grift, which is as common as dirt.
– Charles E. Grant
yesterday
5
@CharlesE.Grant Don’t neglect the likelihood that the police will treat the friend as a victim rather than a criminal. I can’t help thinking that all this talk of how the friend is a money-laundering scumbag who could go to jail for years and years is just playing into the scammers’ hands by encouraging victims to keep very quiet.
– David Richerby
19 hours ago
 |Â
show 1 more comment
my friend already do one transaction now what can he do ? He to much afraid about this job .now what he can do for next step?
– ashif antor
yesterday
24
If it was me? I'd contact the bank, alert them to the possible fraud, and make arrangements to pay them back. A more cautious person might consult a lawyer before talking to the bank. A lot of this depends on how much money is involved, and local law enforcement. If we're talking about $50 then the bank is probably going to be fine with just getting their money back. If we're talking about $5000 which your friend can't pay back, then the bank may go to the local police.
– Charles E. Grant
yesterday
13
@ashifantor Your friend is a money mule.
– David Schwartz
yesterday
2
@MarcusMüller money laundering is a remote possibility but seems dubious to me. Money launderers typically go for higher volume transactions. Laundering $100 or even $1000 at a time involves too much overhead. My bet is that this is a straight forward grift, which is as common as dirt.
– Charles E. Grant
yesterday
5
@CharlesE.Grant Don’t neglect the likelihood that the police will treat the friend as a victim rather than a criminal. I can’t help thinking that all this talk of how the friend is a money-laundering scumbag who could go to jail for years and years is just playing into the scammers’ hands by encouraging victims to keep very quiet.
– David Richerby
19 hours ago
my friend already do one transaction now what can he do ? He to much afraid about this job .now what he can do for next step?
– ashif antor
yesterday
my friend already do one transaction now what can he do ? He to much afraid about this job .now what he can do for next step?
– ashif antor
yesterday
24
24
If it was me? I'd contact the bank, alert them to the possible fraud, and make arrangements to pay them back. A more cautious person might consult a lawyer before talking to the bank. A lot of this depends on how much money is involved, and local law enforcement. If we're talking about $50 then the bank is probably going to be fine with just getting their money back. If we're talking about $5000 which your friend can't pay back, then the bank may go to the local police.
– Charles E. Grant
yesterday
If it was me? I'd contact the bank, alert them to the possible fraud, and make arrangements to pay them back. A more cautious person might consult a lawyer before talking to the bank. A lot of this depends on how much money is involved, and local law enforcement. If we're talking about $50 then the bank is probably going to be fine with just getting their money back. If we're talking about $5000 which your friend can't pay back, then the bank may go to the local police.
– Charles E. Grant
yesterday
13
13
@ashifantor Your friend is a money mule.
– David Schwartz
yesterday
@ashifantor Your friend is a money mule.
– David Schwartz
yesterday
2
2
@MarcusMüller money laundering is a remote possibility but seems dubious to me. Money launderers typically go for higher volume transactions. Laundering $100 or even $1000 at a time involves too much overhead. My bet is that this is a straight forward grift, which is as common as dirt.
– Charles E. Grant
yesterday
@MarcusMüller money laundering is a remote possibility but seems dubious to me. Money launderers typically go for higher volume transactions. Laundering $100 or even $1000 at a time involves too much overhead. My bet is that this is a straight forward grift, which is as common as dirt.
– Charles E. Grant
yesterday
5
5
@CharlesE.Grant Don’t neglect the likelihood that the police will treat the friend as a victim rather than a criminal. I can’t help thinking that all this talk of how the friend is a money-laundering scumbag who could go to jail for years and years is just playing into the scammers’ hands by encouraging victims to keep very quiet.
– David Richerby
19 hours ago
@CharlesE.Grant Don’t neglect the likelihood that the police will treat the friend as a victim rather than a criminal. I can’t help thinking that all this talk of how the friend is a money-laundering scumbag who could go to jail for years and years is just playing into the scammers’ hands by encouraging victims to keep very quiet.
– David Richerby
19 hours ago
 |Â
show 1 more comment
up vote
45
down vote
It’s a money-laundering scam, and your friend is likely to get into serious trouble, and possibly lose a lot of money, if he takes part.
answered yesterday
Mike Scott
12k3446
Prison is also not out of the question if OP's friend is deemed a party to a money-laundering scheme.
– ApplePie
yesterday
add a comment |Â
up vote
45
down vote
It’s a money-laundering scam, and your friend is likely to get into serious trouble, and possibly lose a lot of money, if he takes part.
answered yesterday
Mike Scott
12k3446
Prison is also not out of the question if OP's friend is deemed a party to a money-laundering scheme.
– ApplePie
yesterday
add a comment |Â
up vote
45
down vote
up vote
45
down vote
It’s a money-laundering scam, and your friend is likely to get into serious trouble, and possibly lose a lot of money, if he takes part.
answered yesterday
Mike Scott
12k3446
It’s a money-laundering scam, and your friend is likely to get into serious trouble, and possibly lose a lot of money, if he takes part.
answered yesterday
Mike Scott
12k3446
answered yesterday
Mike Scott
12k3446
answered yesterday
Mike Scott
12k3446
answered yesterday
Mike Scott
12k3446
12k3446
Prison is also not out of the question if OP's friend is deemed a party to a money-laundering scheme.
– ApplePie
yesterday
add a comment |Â
Prison is also not out of the question if OP's friend is deemed a party to a money-laundering scheme.
– ApplePie
yesterday
Prison is also not out of the question if OP's friend is deemed a party to a money-laundering scheme.
– ApplePie
yesterday
Prison is also not out of the question if OP's friend is deemed a party to a money-laundering scheme.
– ApplePie
yesterday
add a comment |Â
up vote
10
down vote
Your friend should go to a lawyer. The lawyer can then make a deal with the government where your friend testifies as to the activities. Your friend may be asked to communicate with his "employer" to get them to do more illegal things. Or required to turn over his email, etc. to the authorities so that they can communicate with the "employer" and get them to give additional information.
If your friend cannot afford a lawyer, then the other alternative is to go to the police directly.
The big thing about this that screams scam is that the money is deposited into your friend's account. A real company would buy bitcoin from its own accounts. Processing through a third party account is either money laundering (your friend could go to jail) or a scam (your friend may lose the money withdrawn to bitcoin). Or both, your friend could be broke and in jail.
There is also a risk that they money is obtained illegally and the deposits into the account can be reversed.
Under no circumstances should your friend continue to participate without informing law enforcement.
answered yesterday
Brythan
16k53752
1
It's going to be hard to get the police interested in investigating this since the criminals likely live in another country from the intended victim and unless he actually lost money, there's been no crime committed yet and no victim. Even with email records, etc it's going to be nearly impossible to track them down. Maybe if he's lucky he can find a computer crime task specialist that's interested, but if the scammers live outside the country, it seems unlikely that they'll spend the effort to pursue the case unless there's a lot of money involved.
– Johnny
21 hours ago
1
@Johnny: It depends on the jurisdiction, but in most places money laundering is a crime regardless of the amount. Also if there is a threshold value and an intention on someone's part to exceed it then this is a crime already in progress.
– Paul Johnson
15 hours ago
add a comment |Â
up vote
10
down vote
Your friend should go to a lawyer. The lawyer can then make a deal with the government where your friend testifies as to the activities. Your friend may be asked to communicate with his "employer" to get them to do more illegal things. Or required to turn over his email, etc. to the authorities so that they can communicate with the "employer" and get them to give additional information.
If your friend cannot afford a lawyer, then the other alternative is to go to the police directly.
The big thing about this that screams scam is that the money is deposited into your friend's account. A real company would buy bitcoin from its own accounts. Processing through a third party account is either money laundering (your friend could go to jail) or a scam (your friend may lose the money withdrawn to bitcoin). Or both, your friend could be broke and in jail.
There is also a risk that they money is obtained illegally and the deposits into the account can be reversed.
Under no circumstances should your friend continue to participate without informing law enforcement.
answered yesterday
Brythan
16k53752
1
It's going to be hard to get the police interested in investigating this since the criminals likely live in another country from the intended victim and unless he actually lost money, there's been no crime committed yet and no victim. Even with email records, etc it's going to be nearly impossible to track them down. Maybe if he's lucky he can find a computer crime task specialist that's interested, but if the scammers live outside the country, it seems unlikely that they'll spend the effort to pursue the case unless there's a lot of money involved.
– Johnny
21 hours ago
1
@Johnny: It depends on the jurisdiction, but in most places money laundering is a crime regardless of the amount. Also if there is a threshold value and an intention on someone's part to exceed it then this is a crime already in progress.
– Paul Johnson
15 hours ago
add a comment |Â
up vote
10
down vote
up vote
10
down vote
Your friend should go to a lawyer. The lawyer can then make a deal with the government where your friend testifies as to the activities. Your friend may be asked to communicate with his "employer" to get them to do more illegal things. Or required to turn over his email, etc. to the authorities so that they can communicate with the "employer" and get them to give additional information.
If your friend cannot afford a lawyer, then the other alternative is to go to the police directly.
The big thing about this that screams scam is that the money is deposited into your friend's account. A real company would buy bitcoin from its own accounts. Processing through a third party account is either money laundering (your friend could go to jail) or a scam (your friend may lose the money withdrawn to bitcoin). Or both, your friend could be broke and in jail.
There is also a risk that they money is obtained illegally and the deposits into the account can be reversed.
Under no circumstances should your friend continue to participate without informing law enforcement.
answered yesterday
Brythan
16k53752
Your friend should go to a lawyer. The lawyer can then make a deal with the government where your friend testifies as to the activities. Your friend may be asked to communicate with his "employer" to get them to do more illegal things. Or required to turn over his email, etc. to the authorities so that they can communicate with the "employer" and get them to give additional information.
If your friend cannot afford a lawyer, then the other alternative is to go to the police directly.
The big thing about this that screams scam is that the money is deposited into your friend's account. A real company would buy bitcoin from its own accounts. Processing through a third party account is either money laundering (your friend could go to jail) or a scam (your friend may lose the money withdrawn to bitcoin). Or both, your friend could be broke and in jail.
There is also a risk that they money is obtained illegally and the deposits into the account can be reversed.
Under no circumstances should your friend continue to participate without informing law enforcement.
answered yesterday
Brythan
16k53752
answered yesterday
Brythan
16k53752
answered yesterday
Brythan
16k53752
answered yesterday
Brythan
16k53752
16k53752
1
It's going to be hard to get the police interested in investigating this since the criminals likely live in another country from the intended victim and unless he actually lost money, there's been no crime committed yet and no victim. Even with email records, etc it's going to be nearly impossible to track them down. Maybe if he's lucky he can find a computer crime task specialist that's interested, but if the scammers live outside the country, it seems unlikely that they'll spend the effort to pursue the case unless there's a lot of money involved.
– Johnny
21 hours ago
1
@Johnny: It depends on the jurisdiction, but in most places money laundering is a crime regardless of the amount. Also if there is a threshold value and an intention on someone's part to exceed it then this is a crime already in progress.
– Paul Johnson
15 hours ago
add a comment |Â
1
It's going to be hard to get the police interested in investigating this since the criminals likely live in another country from the intended victim and unless he actually lost money, there's been no crime committed yet and no victim. Even with email records, etc it's going to be nearly impossible to track them down. Maybe if he's lucky he can find a computer crime task specialist that's interested, but if the scammers live outside the country, it seems unlikely that they'll spend the effort to pursue the case unless there's a lot of money involved.
– Johnny
21 hours ago
1
@Johnny: It depends on the jurisdiction, but in most places money laundering is a crime regardless of the amount. Also if there is a threshold value and an intention on someone's part to exceed it then this is a crime already in progress.
– Paul Johnson
15 hours ago
1
1
It's going to be hard to get the police interested in investigating this since the criminals likely live in another country from the intended victim and unless he actually lost money, there's been no crime committed yet and no victim. Even with email records, etc it's going to be nearly impossible to track them down. Maybe if he's lucky he can find a computer crime task specialist that's interested, but if the scammers live outside the country, it seems unlikely that they'll spend the effort to pursue the case unless there's a lot of money involved.
– Johnny
21 hours ago
It's going to be hard to get the police interested in investigating this since the criminals likely live in another country from the intended victim and unless he actually lost money, there's been no crime committed yet and no victim. Even with email records, etc it's going to be nearly impossible to track them down. Maybe if he's lucky he can find a computer crime task specialist that's interested, but if the scammers live outside the country, it seems unlikely that they'll spend the effort to pursue the case unless there's a lot of money involved.
– Johnny
21 hours ago
1
1
@Johnny: It depends on the jurisdiction, but in most places money laundering is a crime regardless of the amount. Also if there is a threshold value and an intention on someone's part to exceed it then this is a crime already in progress.
– Paul Johnson
15 hours ago
@Johnny: It depends on the jurisdiction, but in most places money laundering is a crime regardless of the amount. Also if there is a threshold value and an intention on someone's part to exceed it then this is a crime already in progress.
– Paul Johnson
15 hours ago
add a comment |Â
up vote
6
down vote
This is definitely a scam
Most electronic fund transfers are reversible, whereas bitcoin transactions are final. Your friend will successfully receive the money and transfer it as bitcoin. When the original transfer is reversed for being fraudulent (or even worse proceeds from an illegal act) they money will be reclaimed from your friend's account. He will be out whatever amount was sent as bitcoin.
Even worse the money from the original transfer could be associated with illegal activity, and your friend is now into money laundering and could end up in jail!
This is not a job, it is a scam.
answered yesterday
Bailey S
27715
add a comment |Â
up vote
6
down vote
This is definitely a scam
Most electronic fund transfers are reversible, whereas bitcoin transactions are final. Your friend will successfully receive the money and transfer it as bitcoin. When the original transfer is reversed for being fraudulent (or even worse proceeds from an illegal act) they money will be reclaimed from your friend's account. He will be out whatever amount was sent as bitcoin.
Even worse the money from the original transfer could be associated with illegal activity, and your friend is now into money laundering and could end up in jail!
This is not a job, it is a scam.
answered yesterday
Bailey S
27715
add a comment |Â
up vote
6
down vote
up vote
6
down vote
This is definitely a scam
Most electronic fund transfers are reversible, whereas bitcoin transactions are final. Your friend will successfully receive the money and transfer it as bitcoin. When the original transfer is reversed for being fraudulent (or even worse proceeds from an illegal act) they money will be reclaimed from your friend's account. He will be out whatever amount was sent as bitcoin.
Even worse the money from the original transfer could be associated with illegal activity, and your friend is now into money laundering and could end up in jail!
This is not a job, it is a scam.
answered yesterday
Bailey S
27715
This is definitely a scam
Most electronic fund transfers are reversible, whereas bitcoin transactions are final. Your friend will successfully receive the money and transfer it as bitcoin. When the original transfer is reversed for being fraudulent (or even worse proceeds from an illegal act) they money will be reclaimed from your friend's account. He will be out whatever amount was sent as bitcoin.
Even worse the money from the original transfer could be associated with illegal activity, and your friend is now into money laundering and could end up in jail!
This is not a job, it is a scam.
answered yesterday
Bailey S
27715
answered yesterday
Bailey S
27715
answered yesterday
Bailey S
27715
answered yesterday
Bailey S
27715
27715
add a comment |Â
add a comment |Â
up vote
6
down vote
As other people already replied: it's a scam.
Now you ask: "what can he do?"
He needs to alert the authorities, explain that he was unaware of the fraud, and ask the police what he can do to help stop it. The police may be able, with his help, to stop it and arrest the scammers. At a minimum, he can escape legal prosecution against himself.
answered yesterday
user
28419
add a comment |Â
up vote
6
down vote
As other people already replied: it's a scam.
Now you ask: "what can he do?"
He needs to alert the authorities, explain that he was unaware of the fraud, and ask the police what he can do to help stop it. The police may be able, with his help, to stop it and arrest the scammers. At a minimum, he can escape legal prosecution against himself.
answered yesterday
user
28419
add a comment |Â
up vote
6
down vote
up vote
6
down vote
As other people already replied: it's a scam.
Now you ask: "what can he do?"
He needs to alert the authorities, explain that he was unaware of the fraud, and ask the police what he can do to help stop it. The police may be able, with his help, to stop it and arrest the scammers. At a minimum, he can escape legal prosecution against himself.
answered yesterday
user
28419
As other people already replied: it's a scam.
Now you ask: "what can he do?"
He needs to alert the authorities, explain that he was unaware of the fraud, and ask the police what he can do to help stop it. The police may be able, with his help, to stop it and arrest the scammers. At a minimum, he can escape legal prosecution against himself.
answered yesterday
user
28419
edited yesterday
answered yesterday
user
28419
answered yesterday
user
28419
answered yesterday
user
28419
28419
add a comment |Â
add a comment |Â
up vote
3
down vote
The money is real but the source is not legitimate. Typically those are bank transfers from accounts with stolen credentials. If and when the owners of those accounts notify the police, the money will get returned and your brother's bank will demand covering the debt. There will also be criminal investigations with regard to money laundering against your brother.
It is also likely that the bank will cancel his account since your brother signed an agreement that he will use his account only to conduct business in his behalf rather than that of others (exactly because of money laundering laws) and he clearly has wittingly breached the conditions of his account.
He needs to come clean with both his bank and the police and ask for further instructions. If he is very, very lucky, that first transfer was a test balloon that actually won't blow up since its main purpose was to prime your brother for larger work. Then he might even get off reasonably unscathed if he acts now.
add a comment |Â
up vote
3
down vote
The money is real but the source is not legitimate. Typically those are bank transfers from accounts with stolen credentials. If and when the owners of those accounts notify the police, the money will get returned and your brother's bank will demand covering the debt. There will also be criminal investigations with regard to money laundering against your brother.
It is also likely that the bank will cancel his account since your brother signed an agreement that he will use his account only to conduct business in his behalf rather than that of others (exactly because of money laundering laws) and he clearly has wittingly breached the conditions of his account.
He needs to come clean with both his bank and the police and ask for further instructions. If he is very, very lucky, that first transfer was a test balloon that actually won't blow up since its main purpose was to prime your brother for larger work. Then he might even get off reasonably unscathed if he acts now.
add a comment |Â
up vote
3
down vote
up vote
3
down vote
The money is real but the source is not legitimate. Typically those are bank transfers from accounts with stolen credentials. If and when the owners of those accounts notify the police, the money will get returned and your brother's bank will demand covering the debt. There will also be criminal investigations with regard to money laundering against your brother.
It is also likely that the bank will cancel his account since your brother signed an agreement that he will use his account only to conduct business in his behalf rather than that of others (exactly because of money laundering laws) and he clearly has wittingly breached the conditions of his account.
He needs to come clean with both his bank and the police and ask for further instructions. If he is very, very lucky, that first transfer was a test balloon that actually won't blow up since its main purpose was to prime your brother for larger work. Then he might even get off reasonably unscathed if he acts now.
The money is real but the source is not legitimate. Typically those are bank transfers from accounts with stolen credentials. If and when the owners of those accounts notify the police, the money will get returned and your brother's bank will demand covering the debt. There will also be criminal investigations with regard to money laundering against your brother.
It is also likely that the bank will cancel his account since your brother signed an agreement that he will use his account only to conduct business in his behalf rather than that of others (exactly because of money laundering laws) and he clearly has wittingly breached the conditions of his account.
He needs to come clean with both his bank and the police and ask for further instructions. If he is very, very lucky, that first transfer was a test balloon that actually won't blow up since its main purpose was to prime your brother for larger work. Then he might even get off reasonably unscathed if he acts now.
answered 19 hours ago
user75629
add a comment |Â
add a comment |Â
up vote
0
down vote
This is a scam. There is no bitcoin ATM. The company will take your friends money and run.
answered yesterday
Dheer
46.1k755136
13
I agree that it’s a scam, but there is such a thing as a Bitcoin ATM. For example, I have seen one at Piccadilly Circus Underground station in London.
– Mike Scott
yesterday
6
I agree, this is definitely a scam, but there are bitcoin ATM. I walk by one on my way to work every day.
– Charles E. Grant
yesterday
1
my friend already do one transaction now what can he do ?he just afraided now
– ashif antor
yesterday
@ashifantor What exactly did your friend do. Did he get money into his Bank account and he has purchased bitcoins
– Dheer
yesterday
@Mike, Charles, etc. Bitcoin ATMs are not Automated Teller machines (ATMs) in the normally understood way - they don't allow you to withdraw fiat banknotes from a fiat-denominated personal account at a registered/regulated retail-bank. However the term "Bitcoin ATM" is well understood by anyone familiar with cryptocurrencies.
– RedGrittyBrick
10 hours ago
add a comment |Â
up vote
0
down vote
This is a scam. There is no bitcoin ATM. The company will take your friends money and run.
answered yesterday
Dheer
46.1k755136
13
I agree that it’s a scam, but there is such a thing as a Bitcoin ATM. For example, I have seen one at Piccadilly Circus Underground station in London.
– Mike Scott
yesterday
6
I agree, this is definitely a scam, but there are bitcoin ATM. I walk by one on my way to work every day.
– Charles E. Grant
yesterday
1
my friend already do one transaction now what can he do ?he just afraided now
– ashif antor
yesterday
@ashifantor What exactly did your friend do. Did he get money into his Bank account and he has purchased bitcoins
– Dheer
yesterday
@Mike, Charles, etc. Bitcoin ATMs are not Automated Teller machines (ATMs) in the normally understood way - they don't allow you to withdraw fiat banknotes from a fiat-denominated personal account at a registered/regulated retail-bank. However the term "Bitcoin ATM" is well understood by anyone familiar with cryptocurrencies.
– RedGrittyBrick
10 hours ago
add a comment |Â
up vote
0
down vote
up vote
0
down vote
This is a scam. There is no bitcoin ATM. The company will take your friends money and run.
answered yesterday
Dheer
46.1k755136
This is a scam. There is no bitcoin ATM. The company will take your friends money and run.
answered yesterday
Dheer
46.1k755136
edited yesterday
answered yesterday
Dheer
46.1k755136
answered yesterday
Dheer
46.1k755136
answered yesterday
Dheer
46.1k755136
46.1k755136
13
I agree that it’s a scam, but there is such a thing as a Bitcoin ATM. For example, I have seen one at Piccadilly Circus Underground station in London.
– Mike Scott
yesterday
6
I agree, this is definitely a scam, but there are bitcoin ATM. I walk by one on my way to work every day.
– Charles E. Grant
yesterday
1
my friend already do one transaction now what can he do ?he just afraided now
– ashif antor
yesterday
@ashifantor What exactly did your friend do. Did he get money into his Bank account and he has purchased bitcoins
– Dheer
yesterday
@Mike, Charles, etc. Bitcoin ATMs are not Automated Teller machines (ATMs) in the normally understood way - they don't allow you to withdraw fiat banknotes from a fiat-denominated personal account at a registered/regulated retail-bank. However the term "Bitcoin ATM" is well understood by anyone familiar with cryptocurrencies.
– RedGrittyBrick
10 hours ago
add a comment |Â
13
I agree that it’s a scam, but there is such a thing as a Bitcoin ATM. For example, I have seen one at Piccadilly Circus Underground station in London.
– Mike Scott
yesterday
6
I agree, this is definitely a scam, but there are bitcoin ATM. I walk by one on my way to work every day.
– Charles E. Grant
yesterday
1
my friend already do one transaction now what can he do ?he just afraided now
– ashif antor
yesterday
@ashifantor What exactly did your friend do. Did he get money into his Bank account and he has purchased bitcoins
– Dheer
yesterday
@Mike, Charles, etc. Bitcoin ATMs are not Automated Teller machines (ATMs) in the normally understood way - they don't allow you to withdraw fiat banknotes from a fiat-denominated personal account at a registered/regulated retail-bank. However the term "Bitcoin ATM" is well understood by anyone familiar with cryptocurrencies.
– RedGrittyBrick
10 hours ago
13
13
I agree that it’s a scam, but there is such a thing as a Bitcoin ATM. For example, I have seen one at Piccadilly Circus Underground station in London.
– Mike Scott
yesterday
I agree that it’s a scam, but there is such a thing as a Bitcoin ATM. For example, I have seen one at Piccadilly Circus Underground station in London.
– Mike Scott
yesterday
6
6
I agree, this is definitely a scam, but there are bitcoin ATM. I walk by one on my way to work every day.
– Charles E. Grant
yesterday
I agree, this is definitely a scam, but there are bitcoin ATM. I walk by one on my way to work every day.
– Charles E. Grant
yesterday
1
1
my friend already do one transaction now what can he do ?he just afraided now
– ashif antor
yesterday
my friend already do one transaction now what can he do ?he just afraided now
– ashif antor
yesterday
@ashifantor What exactly did your friend do. Did he get money into his Bank account and he has purchased bitcoins
– Dheer
yesterday
@ashifantor What exactly did your friend do. Did he get money into his Bank account and he has purchased bitcoins
– Dheer
yesterday
@Mike, Charles, etc. Bitcoin ATMs are not Automated Teller machines (ATMs) in the normally understood way - they don't allow you to withdraw fiat banknotes from a fiat-denominated personal account at a registered/regulated retail-bank. However the term "Bitcoin ATM" is well understood by anyone familiar with cryptocurrencies.
– RedGrittyBrick
10 hours ago
@Mike, Charles, etc. Bitcoin ATMs are not Automated Teller machines (ATMs) in the normally understood way - they don't allow you to withdraw fiat banknotes from a fiat-denominated personal account at a registered/regulated retail-bank. However the term "Bitcoin ATM" is well understood by anyone familiar with cryptocurrencies.
– RedGrittyBrick
10 hours ago
add a comment |Â
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28
When an "account assistant" for a company has to use his own account instead of the company's one, something is wrong.
– PaÃ…Âlo Ebermann
yesterday
9
No legitimate job will ever make you use your own bank account to do anything except receive a paycheck. Consider: Bitcoin can be bought from anywhere. Why would they need to "hire" someone in a specific area to receive the money, convert it to bitcoin, then send it back?
– Seth R
yesterday
14
this could likely be a form of money laundering, and as such, your friend is doing something punishable by prison in many jurisdictions. Also, that might make him subject of blackmail by organized crime. CALL YOUR FRIEND NOW, make him stop reacting!
– Marcus Müller
yesterday
11
Also, I feel like you know your friend as if he was you. (Can we drop this act?)
– Marcus Müller
yesterday
4
Honestly, does any of this sound legit to you? In general past any specifics if it feels wrong and you need to ask if something is “legit†then just walk away and don’t do it. Scams need someone to be committed to being drawn in. Don’t draw yourself in.
– JakeGould
yesterday