GoFuckYourself.com - Adult Webmaster Forum - View Single Post - Alert!!! Scammer

Adraco · 08-19-2010, 04:41 PM

Most probably just a facade, or a dummy company.
Those cost around $1000 to setup and another $2-300 for a Cyprus bank account. You never ever has to set foot yourself in Cyprus, there are plenty of internet companies who will gladly do the paperwork for you. Then you pay that company around $300 per year to file the necessary paperwork each year so that you can stay in business.

Then you go off and do deals with Americans, who preferrably has not been out and about much. They get sucked into the aura of international business and is a bit impressed. in reality though, is a Cyrpus company like that basically eqvivalent to a Delaware or Nevada registered LLC, i.e. not very impressive and anyone and their dog can start one.

Then they rent a PO box or a forwarding address at one of the business centers, conviniently located all over the place and that makes it very hard to see through or backtrace. Especially if you don't own this type of company privately, but rather via some type of holding company. Then you can legally transfer all the earnings from the daughtercompany to the parent company/holding company and thereby aviod all European taxes.

The scam comes in multiple variations and magnitude, but are all based on the idea of basically having disposable companies to do illegal/shady stuff for you. Transfer the money and then shut the daughter company/cell down or let it go bankruptcy. Even better if you can use someone elses real name, that will surely divert the authorities ad add an extra level of complication to investigate.

Then rinse and repeat.

08-19-2010, 04:41 PM
Adraco Confirmed User Industry Role: Join Date: May 2009 Location: Onboard an airplane around the globe Posts: 3,734	Most probably just a facade, or a dummy company. Those cost around $1000 to setup and another $2-300 for a Cyprus bank account. You never ever has to set foot yourself in Cyprus, there are plenty of internet companies who will gladly do the paperwork for you. Then you pay that company around $300 per year to file the necessary paperwork each year so that you can stay in business. Then you go off and do deals with Americans, who preferrably has not been out and about much. They get sucked into the aura of international business and is a bit impressed. in reality though, is a Cyrpus company like that basically eqvivalent to a Delaware or Nevada registered LLC, i.e. not very impressive and anyone and their dog can start one. Then they rent a PO box or a forwarding address at one of the business centers, conviniently located all over the place and that makes it very hard to see through or backtrace. Especially if you don't own this type of company privately, but rather via some type of holding company. Then you can legally transfer all the earnings from the daughtercompany to the parent company/holding company and thereby aviod all European taxes. The scam comes in multiple variations and magnitude, but are all based on the idea of basically having disposable companies to do illegal/shady stuff for you. Transfer the money and then shut the daughter company/cell down or let it go bankruptcy. Even better if you can use someone elses real name, that will surely divert the authorities ad add an extra level of complication to investigate. Then rinse and repeat. __________________ ---------------------------------------------------------------------------------- The truth is not affected by the beliefs, or doubts, of the majority. Last edited by Adraco; 08-19-2010 at 04:44 PM..