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