At the end of the day my question is is it illegal or unethical or bring any unwanted attention by a govt body?
Here are the issues people seem to be bringing up.
A. One it's difficult and not as easy as I keep saying...ok so let's assume its difficult to be playing this game - my questions still stand
B. The people could give a bounced check...this isn't swiping for others, people are bringing orders in increments of 5k or 10k and waiting for the check to clear so WORST case scenario for many they are out 5k. And if the guys don't have money but are honest he can give you the product back to return.
C. Audit...ok so IRS sees your 'moving' 100k's though you have receipts - is this legal? is it structuring? are these 'passthoughts' taxed?
D. Amex reveiw...ok worst comes to worst your card is closed.
I have two key questions:
1. What are these guys doing that they have such a backing? - when someone sells them an iPad for $499 that's on sale from $649 and they give a $10 commission - who do they sell these too...? I heard they sell it overseas and also wait for them to stop the sale and sell FBA and eBay? One this is for sure some of these deals they cant buy enough and will take as many orders as people will bring.
2. Is this is ANYWAY illegal or unethical or even slightly unkosher? Will this even cause any issues with a regulatory body?