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It's happening on eBay for over a decade. Cheap trinkets and books for insane prices. Except for the impersonation part, I don't understand that tbh.

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It's not too confusing to me. It gets the IRS off the trail of the actual person getting the money - they don't care that the IRS still wants money - they are confident that it wont get traced. It's truely obfuscation.

You avoid the taxes.

Oh, so any income reported won't be in your name? Clever, although you would also need bank accounts in others' name.

Basically you'd need to use their whole identity, then withdraw the cash, possibly with fake IDs. Which is what they're doing, I guess.

You can open accounts online with ease. I posted about it before if you peek in my profile.

Wire the funds offshore to a place more willing to look the other way for a small fee:do this a few times to other accounts in other countries, park the clean non-taxed cash offshore, get a cc or debit credit for the clean account...profit

Sure you spend sum cash on cleaning the funds, you're still not paying taxes on that cash win/win

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