a man contacted me on instagram for a sort of sugar baby arrangement, and wants my bank username and password to deposit money into my account. he says he needs this information so he can structure the payments as a paycheck, the way he does for his employees. if i create another bank account (checking only, with none of my own money in it), and then wait at least a month before spending any of what he deposits to make sure the money is legitimate, is there any way he could get me in legal or financial trouble? i know better than to send the money to another person, or “back” to him, but i am fairly desperate for money and i couldn’t find any downsides to trying this method (if i get the money, great, and if he was just trying to scam me he’ll fail). any advice is welcome!

edit- i know that it is likely a scam, but on the off chance that it’s not my real question is whether i have anything to lose by trying this

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    The sugar baby world is apparently so much simpler with cash. – quid Mar 19 '19 at 19:55
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    See also This question – GOATNine Mar 19 '19 at 20:01
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    Alanna - Sorry to close your question, but it's been asked and answered before. Please read the linked question. Please visit to ask questions regarding personal finance, or to read many Q&A and learn from questions here. – JTP - Apologise to Monica Mar 19 '19 at 20:08
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    Regarding your edit- it's not "likely" a scam; it is 100% a scam. There is no real word scenario where someone wanting to give you money would need your username and password. – TTT Mar 19 '19 at 20:09
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    The scammer could probably get the account overdrawn somehow, but as far as the bank is concerned, it'd be you that owed the money. (There are other scams involving a fraudulent payment into the account, withdrawing those funds, but then when the fraud is discovered and the original payment in cancelled, the account becomes overdrawn). – timday Mar 20 '19 at 14:32