Author Topic: Interesting Articles...  (Read 1203412 times)

Online yuneeq

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Re: Interesting Articles...
« Reply #5775 on: January 02, 2017, 06:50:40 PM »
I can tell you personally that there are plenty of arbitrage and other arguably grey opportunities that come across my desk that I don't do because I have no interest in even a small chance of winding up in prison for 2 years like those Nordstrom cashback brothers...

From what I remember, the Nordstrom bros weren't doing anything grey.
It was clearly illegal and they did it on a huge scale.

Offline Dan

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Re: Interesting Articles...
« Reply #5776 on: January 02, 2017, 06:59:58 PM »
From what I remember, the Nordstrom bros weren't doing anything grey.
It was clearly illegal and they did it on a huge scale.
And what about buying GCs to stores that return cash in order to earn rewards? Is that far off?
Save your time, I don't answer PM. Post it in the forum and a dedicated DDF'er will get back to you as soon as possible.

Offline Moshe123

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Re: Interesting Articles...
« Reply #5777 on: January 02, 2017, 07:21:48 PM »
And what about buying GCs to stores that return cash in order to earn rewards? Is that far off?

How is it even close?

One is using a loophole that they can fix, the other is clear fraud when no purchase happened of anything.

Offline hvaces42

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Re: Interesting Articles...
« Reply #5778 on: January 02, 2017, 07:22:02 PM »
And what about buying GCs to stores that return cash in order to earn rewards? Is that far off?
Thats money laundering. Not grey at all. Anything they want to make into a crime they can. Electronic transaction = wire fraud.
Fair warning - Any PMs sent in response to forum posts are fair game for ridicule in public.

Online yuneeq

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Re: Interesting Articles...
« Reply #5779 on: January 02, 2017, 08:29:57 PM »
And what about buying GCs to stores that return cash in order to earn rewards? Is that far off?

IIUC, isn't it pretty much the same thing?
The only difference is volume, do it on a big scale and you'll eventually get caught.

Offline Dan

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Re: Interesting Articles...
« Reply #5780 on: January 02, 2017, 08:34:04 PM »
How is it even close?
Thats money laundering.
IIUC, isn't it pretty much the same thing?

Everyone draws their own lines :)
Save your time, I don't answer PM. Post it in the forum and a dedicated DDF'er will get back to you as soon as possible.

Offline JTZ

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Re: Interesting Articles...
« Reply #5781 on: January 03, 2017, 12:28:16 AM »
Since we are drawing lines here is one for you all to draw. What about earning miles/points/CB on buying GC's when we know the T&C's excluded it. Grey area or illegal? How about when you do it over, over and over again?
"LESS IS MORE" It is the cumulative effect that kills deals!!! How many times do I have to say this?  >:(

Offline shulem92

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Re: Interesting Articles...
« Reply #5782 on: January 03, 2017, 12:30:39 AM »
IIUC, isn't it pretty much the same thing?
The only difference is volume, do it on a big scale and you'll eventually get caught.
+24 million

It took 24 million for these guys to get caught...

Offline efflpetzel

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Re: Interesting Articles...
« Reply #5783 on: January 03, 2017, 12:31:04 AM »
I think they're intended more as a deterrent for people that might commit a crime than a rehabilitation institute.
In America.


Other countries have much better track records of rehabilitating prisoners

Offline Menachem613

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Re: Interesting Articles...
« Reply #5784 on: January 03, 2017, 01:59:44 PM »
Thats money laundering. Not grey at all. Anything they want to make into a crime they can. Electronic transaction = wire fraud.

You don't know the definition of money laundering.

Offline Menachem613

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Re: Interesting Articles...
« Reply #5785 on: January 03, 2017, 02:00:53 PM »
Since we are drawing lines here is one for you all to draw. What about earning miles/points/CB on buying GC's when we know the T&C's excluded it. Grey area or illegal? How about when you do it over, over and over again?

I'm not aware of any CC that prohibits buying GCs.

Offline JTZ

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Re: Interesting Articles...
« Reply #5786 on: January 03, 2017, 02:06:19 PM »
I'm not aware of any CC that prohibits buying GCs.
That is not what I said but nice try.
"LESS IS MORE" It is the cumulative effect that kills deals!!! How many times do I have to say this?  >:(

Offline Menachem613

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Re: Interesting Articles...
« Reply #5787 on: January 03, 2017, 02:10:31 PM »
That is not what I said but nice try.

If the CC doesn't prohibit it then why is it my fault for earning it? What if I didn't even intend to earn the points?  The fault lies solely with issuer of the points.

Offline JTZ

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Re: Interesting Articles...
« Reply #5788 on: January 03, 2017, 02:16:13 PM »
If the CC doesn't prohibit it then why is it my fault for earning it? What if I didn't even intend to earn the points?  The fault lies solely with issuer of the points.
If your intent wasn't about the points that is one thing but when you are aware of it then exploit it that is a different story. I am not judging you or anyone else. Just pointing out the grey areas.
"LESS IS MORE" It is the cumulative effect that kills deals!!! How many times do I have to say this?  >:(

Offline Menachem613

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Re: Interesting Articles...
« Reply #5789 on: January 03, 2017, 02:28:04 PM »
If your intent wasn't about the points that is one thing but when you are aware of it then exploit it that is a different story. I am not judging you or anyone else. Just pointing out the grey areas.

Intent is subjective and irrelevant in determine whether something is legal.