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Money laundering?

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Money laundering?

Postby miriampotter » Tue Apr 01, 2008 9:53 am

Hello

I used to run a paid to surf program, but due to having naff programmers, and being hacked, the program was closed.

Now although the site went down over a year ago, I still want to pay back the members their due.

I have been promoting 'The Private Millionaire' (url is below) and the funds are beginning to come in. Now once I have several hundred $$ come into my paypal account, will it be OK, for me to send it to my bank account, and then buy it as egold money via the London Gold Exchange and put it into my egold account, to pay the members back, or would that be money laundering?

I want to keep above the law, but also want to pay the members back.

Please advise, thanks.
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Postby nar321 » Tue Apr 01, 2008 5:37 pm

If it where me I'd seek Legal Advice from a lawyer
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Postby miriampotter » Wed Apr 02, 2008 4:11 am

Hello

Thanks, I have been told by a friend, who used to run a site like mine it is!
So I won't do it, thanks for your feedback on this.
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Postby karynsolo » Mon Apr 07, 2008 12:33 pm

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Postby miriampotter » Tue Apr 08, 2008 4:55 am

miriampotter
 
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Postby topearn » Tue May 27, 2008 8:27 am

IMO, I think you just go ahead to buy egold and pay off your members. Afterall is is just few hundred bucks and you have many members, so on average you are probably paying each member $20. Just put a note on the egold spend that is refund.

It is ridiculous if the authorities accuse of your money laundering as the amount will be much much more, say few thousand bucks per person, but here you are just paying people a small $20.
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Postby miriampotter » Tue May 27, 2008 9:44 am

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Postby alexc » Thu Jul 31, 2008 12:08 am

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Postby miriampotter » Thu Jul 31, 2008 3:14 am

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Postby robert adams » Thu Jul 31, 2008 10:15 pm

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Re: Money laundering?

Postby Lucidboomer » Wed Nov 26, 2008 5:26 pm

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