At 08:38 AM 9/27/2002 -0400, [EMAIL PROTECTED] wrote: >Patrick, > >The thing is, that once the card has no personal details attached you can >use the card anywhere without leaving a trace back to you. If the >resellers of the cards keep the card records outside the US it becomes a >very safe solution. Even if the issuing bank is in the US!
Not completely true. The IRS twisted arms of some Caribbean countries with whom they have trade relations to get their records. I read about it when I was in the BVI. They got the transactional records, and are now attempting to match the transactions with the merchants. What they are after is the wealthy who use offshore accounts, complete with credit cards. They funnel the money to those accounts, then spend using the credit cards. Payment of the card is automatic from their account. Simple and heretofore simple process. The target are doctors, lawyers, business owners, and others who deal in cash or have holdings outside the US. The matching is a daunting task in that they need to get cooperation from merchants from whom they supposedly get the names and addresses. Caribbean countries have preferred trade agreements with the US, especially with apparel manufacturers (section 807 treaty). Hence, they don't want to lose out on commerce. That's not all countries, just those who trade with US. FWIW George _______________________________________________________ George Matyjewicz GAP Enterprises, Ltd. http://www.gapent.com/ Book Author and Doctoral Candidate in Training Moderator of E-Tailer's Digest http://www.etailersdigest.com/ Automated Press Releases http://www.automatedpr.com/ Marketing Your Web http://www.gapent.com/myweb/ Board Member AIB #34 http://www.aib-world.org/ --- You are currently subscribed to e-gold-list as: [email protected] To unsubscribe send a blank email to [EMAIL PROTECTED] Use e-gold's Secure Randomized Keyboard (SRK) when accessing your e-gold account(s) via the web and shopping cart interfaces to help thwart keystroke loggers and common viruses.
