@BarefootBliss wrote:
Never heard of this scam
There are MANY schemes to launder money. I am glad that you haven't encountered this one. I have. My family member didn't fall for it (thank goodness!) so I don't know every detail of how it works but boy did they work hard trying to prey on youthful ambition and greed and it was 100% a scam. They posted a help wanted ad on a college campus's board for a "personal assistant". Once contacted, they explained that the student would be given a credit card to use for buying things for them, would need to open a bank account for receiving funds to keep their business transactions separate from personal transactions, and no experience was necessary, they'd be given exact instructions. Privacy was "of utmost importance" so they were not to discuss their job with others. And on and on with a lot of pushy hurry, someone else is interested but you contacted first so it is only fair to give you the job if you can decide today to accept... The promised pay was obviously well above normal personal assistant wages.
If it sounds too good to be true, that's because it is.
This job is actually called "money mule"