Now you can add a new scheme into the listing that relies on a most improbable product: novels.
Some writers on Amazon’s self-publishing print book ceremony have had their identities stolen and subsequently utilized to launder money, according to cybercrime author Brian Krebs. The crooks upload fake but expensive paperback titles into the stolen writers’ accounts via Amazon’s CreateSpace service and then “buy” heaps of novels, moving funds to legitimate bank accounts, he accounts. Amazon generally pays writers 60% of a book’s list price on CreateSpace after deducting generation and other charges.
The post The Way An Amazon Self-Published Book Might Be the Newest Money Laundering Scam appeared first on Retailnewsfeed.com.
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