AMAZON KINDLE’S CREATESPACE SELF-PUBLISHING ARM BEING EXPLOITED IN MONEY LAUNDERING SCAM

Computing.co.uk reports that criminals are impersonating people on Amazon and publishing e-books in their name as part of a money laundering scam – with the victim of identity theft stiffed with a large tax bill on the profits from the sale of products they never sold.  One victim claims that he only found out about the scam when he received an email from Amazon claiming that he had sold $24,000 worth of books through its publishing platform Createspace – informing him that the US IRS had been notified accordingly.  He found that a book sold on Createspace using his identity had sold for the price of $555, although the book was essentially 60 pages of computer-generated gibberish that had nevertheless made sales of just over 70 copies in a short space of time.

https://www.computing.co.uk/ctg/news/3027075/amazon-kindles-createspace-self-publishing-arm-being-exploited-in-money-laundering-scam

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s