FAKE BOOKS SOLD ON AMAZON COULD BE USED FOR MONEY LAUNDERING

Guardian on 27th April reports that books of gibberish are listed on Amazon.com for thousands of dollars.  “Worthless” books priced at up to thousands, of dollars and which contain only nonsensical text have been identified as possible vehicles for money laundering by an author whose name was, he says, used to send almost $24,000 to an unknown and fraudulent seller.  It is relatively straightforward to publish a title that contains any text, provided that this isn’t “placeholder” or dummy text and allowing fake books to be sold on the Amazon website at a price chosen by the seller.

https://www.theguardian.com/books/2018/apr/27/fake-books-sold-amazon-money-laundering

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