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- Bank Deposit Scam 2 answers
I know, I know; "Is this a scam?", yes, I had to ask.
As of recent, I have heard 3 separate people in conversation on my campus mention a "sales job" they undertook after being contacted on LinkedIn where they "manage accounts" by receiving checks from customers, and then wire the balance of that check to another account minus a 5% take they get to keep.
To me, obviously, this screams "money laundering"; they claim this is the only work they do, that it is legitimate because they are sent tax forms, and that it is legitimate because they have been paid. One of them claimed they've been involved with it for more than two months, and another attempted to smugly defend himself against two academic administrators who told him it was a poor idea.
I've never heard of these scams operating and finding victims through LinkedIn, so that is what makes me 1% skeptic that this is some sort of legitimate business, and I don't know the people I've talked to well enough to even know their name, so I'm unsure what to do about this.
How would I go about reporting this? I've never had any interaction with the scam myself, but I don't like the idea of this spreading to people I know if it is a large networked scam that is either stealing money from students or making them complicit in money laundering.
I don't believe this is a duplicate because apparently these students are given full account details, and it appears to be a large concerted effort to pose as a legitimate business through social media attempting to recruit "salespeople" who redirect transactions over long periods of time. From what I understand, students give their account details, possibly just a routing number, and redirect the transactions and get to keep a cut; the scammers pretend this is a commission, and apparently get them to pay taxes on it (maybe they don't want to go down like Al Capone).