Swedish criminal gangs using fake Spotify streams to launder money
1–10 of 88 posts
Re: Swedish criminal gangs using fake Spotify streams to launder money
#2The way Spotify allocates stream revenue to artists has been extremely broken for a long time. It's been chock full of scammers for ages.
The problem is that there's some kind of amplification effect where if you pay 10 USD/month for an account and stream 24/7 you can move more than 10 USD/month in the total payout of the platform.
Re: Swedish criminal gangs using fake Spotify streams to launder money
#3They declined interviews with Swedens largest newspaper and their written response was "we have no evidence money laundering is happening on our platform". Safe so say a lot of Swedish people aren't happy with how they're handling this.
Re: Swedish criminal gangs using fake Spotify streams to launder money
#4[flagged]
Re: Swedish criminal gangs using fake Spotify streams to launder money
#5[flagged]
A criminal gang based in Sweden is a Swedish criminal gang by definition.
Re: Swedish criminal gangs using fake Spotify streams to launder money
#6The way that the criminals are abusing stuffs never ceases to amaze me. That's why we can't have nice thing.
Re: Swedish criminal gangs using fake Spotify streams to launder money
#7Re: Swedish criminal gangs using fake Spotify streams to launder money
#8The way Spotify allocates stream revenue to artists has been extremely broken for a long time. It's been chock full of scammers for ages. The problem is that there's some kind of amplification effect where if you pay 10 USD/month for an account and stream 24/7 you can move more than 10 USD/month in the total payout of the platform.
Even if you get < $10 it can still be worthwhile for money laundering purposes.
Re: Swedish criminal gangs using fake Spotify streams to launder money
#9Re: Swedish criminal gangs using fake Spotify streams to launder money
#10Spotify also doesn't want to remove fake artists. The company doesn't really care about listeners.