Originally Posted by
Navybones
Whether it is a scam or not depends on your personal definition of the word scam. But, there is almost zero personal risk in legal terms. Yes, there is the risk of all the loopholes and backdoors being closed. However, unless you are doing something explicitly illegal, then I dont think there is any personal risk.
I would argue that one piece of personal risk is that you get black listed by banks. Although many people on here think that that lasts a few years, we can't be sure about that. What if it affects employment with said companies?
If you get black listed my a prepaid debit card company, let's say, and then you are still using their service by having the account in someone else's name, that's probably not too kosher. Although, I can't see it being worth it for them to bring civil action against you. Just wouldn't be enough money. Could be tough to prove, too.
Note that I am just talking here about the topic of risk.