Developer account removed by Apple – $108,878 frozen

Re:Developer account removed by Apple – $108,878 frozen by xyzzy_plugh on Thursday November 23, 2023 @01:43PM (#38396028)

There are "companies" in developing countries that you can send money to who, if you send a large enough amount, will create and publish an app on the app store in your name and use a portion of the funds you give them to purchase stolen credit cards and/or apple store gift cards (usually obtained by some form of credit card fraud), and make purchases of that app, thus washing your original dirty funds.

This is money laundering.

You can also just buy mass amounts of stolen credit cards that have some moderate odds of successfully accepting some number of small ~$100 charges, so you can just do all this yourself. And folks do.

[ Parent | on HN ]

Re:Developer account removed by Apple – $108,878 frozen by moralestapia on Thursday November 23, 2023 @02:12PM (#38396319)

Nope, that's still not money laundering.

[ Parent | on HN ]

Re:Developer account removed by Apple – $108,878 frozen by xyzzy_plugh on Friday November 24, 2023 @09:42AM (#38404432)

If you obtain funds illicitly and transmit them round-trip through a 3rd party, lossily, such that the 3rd party and any outside observer such as the government are unaware that you are both sides, you are laundering money.

But please tell me what money laundering is and is not. It's not like I have a close to a decade of real world experience in an industry whose primary goals include combating it and working with relevant authorities.

[ Parent | on HN ]