If people do it, it's a prison sentence
If a corporation does it, it's a fine, usually a small fraction of the company's revenue.
The lesson is always commit crimes via a business.
U.S. Seeks 70-Month Prison Sentence for YouTube Content ID Scammer
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Re: U.S. Seeks 70-Month Prison Sentence for YouTube Content ID Scammer
#12If people do it, it's a prison sentence If a corporation does it, it's a fine, usually a small fraction of the company's revenue. The lesson is always commit crimes via a business.
Also if you’re going to run a scam in business, think big. I saw a show about a guy running an illegal check cashing business worth $100M which the government swooped in and crushed. HSBC launders millions for cartels for years with official policies, no one even goes to jail. Once you’re in the 500M+ range your corruption is good to go.
Re: U.S. Seeks 70-Month Prison Sentence for YouTube Content ID Scammer
#13What’s a Tesla C 100D? Listed as one of their vehicles.
Re: U.S. Seeks 70-Month Prison Sentence for YouTube Content ID Scammer
#14What’s a Tesla C 100D? Listed as one of their vehicles.
presumably a typo?
Re: U.S. Seeks 70-Month Prison Sentence for YouTube Content ID Scammer
#15What’s a Tesla C 100D? Listed as one of their vehicles.
C is right next to X on the keyboard.
Re: U.S. Seeks 70-Month Prison Sentence for YouTube Content ID Scammer
#16this is why white collar crime doesn't pay as well as people assume. even with plea deals and giving up everything, they still face a lot of jail time. white collar crimes tend to leave a lot of digital records, which makes gathering evidence easier. Way more money to be made legit.
> this is why white collar crime doesn't pay as well as people assume This is a sample size of 1 (or whatever count of successfully prosecuted cases of fraud) compared to the amount of fraud there is out there. This guy just had bad luck. There are countless instances of white-collar crime that do indeed pay very well. Some of them even operate at an industrial scale and don't even try to hide - see countless example…
This is a sample size of 1 (or whatever count of successfully prosecuted cases of fraud)
A simple google search yields many more examples, such as arrests over NFT rugpulls
https://www.theverge.com/2022/3/24/22995107/us-arrest-charge...
https://cointelegraph.com/news/mutant-ape-planet-creator-arr...
does this name sound familiar?
https://deadline.com/2022/12/sam-bankman-fried-arrested-ftx-...
Re: U.S. Seeks 70-Month Prison Sentence for YouTube Content ID Scammer
#17If people do it, it's a prison sentence If a corporation does it, it's a fine, usually a small fraction of the company's revenue. The lesson is always commit crimes via a business.
Meh.. plenty of people with small businesses end up in prison for outright fraud.
The difference is usually one or a few individuals vs. a massive corporation. Diffused responsibility I assume.
Re: U.S. Seeks 70-Month Prison Sentence for YouTube Content ID Scammer
#18this is why white collar crime doesn't pay as well as people assume. even with plea deals and giving up everything, they still face a lot of jail time. white collar crimes tend to leave a lot of digital records, which makes gathering evidence easier. Way more money to be made legit.
the great thing about someone else getting caught is that you get to read the court cases about how they got caught the LLC could have been made in any state, someone else's ID and social from a FULLZ could have been used to make a bank account online, and a prepaid card also from the same marketplace would have been enough to sign up for some digital services. the marketplaces already require you to be using Tor, an…
> and then you can worry about reintegrating the proceeds into the broader economy again
So.. step #3 is full on money laundering. Got it. So simple.
Re: U.S. Seeks 70-Month Prison Sentence for YouTube Content ID Scammer
#19If people do it, it's a prison sentence If a corporation does it, it's a fine, usually a small fraction of the company's revenue. The lesson is always commit crimes via a business.
These people did in fact have a business. “MusicMuv” was a corporate entity they created, the entry became a trusted YT content ID provider
(From the article)
Re: U.S. Seeks 70-Month Prison Sentence for YouTube Content ID Scammer
#20Earlier quoted context omitted.
the great thing about someone else getting caught is that you get to read the court cases about how they got caught the LLC could have been made in any state, someone else's ID and social from a FULLZ could have been used to make a bank account online, and a prepaid card also from the same marketplace would have been enough to sign up for some digital services. the marketplaces already require you to be using Tor, an…
> and then you can worry about reintegrating the proceeds into the broader economy again So.. step #3 is full on money laundering. Got it. So simple.
the other steps are criminal law violations as well. the point is to be liquid and unencumbered, which these guys were not.
you have to reintegrate the money and report it for taxes and then enjoy the spoils. you should be able to pass an audit.
these guys skipped that part and are now going to prison.