

A 22 year old in Spain scammed Amazon out of $370,000 by returning boxes full of dirt Amazon refunds returns based on one thing which is the weight of the box when it comes back If the weight matches the original item, the refund goes through automatically and nobody opens the box James Gilbert Kwarteng figured this out in 2018 The way it worked was almost stupidly easy He would order an expensive item on Amazon, a phone, a laptop, a piece of electronics, anything over a few hundred dollars When it arrived he would weigh it to the gram, fill the original box with the exact same weight in dirt and ship it back as a return Amazon's warehouse would log the box at the correct weight, process the return and refund him in full He would then sell the real item online and pocket both the refund and the resale price He did it so many times that he eventually registered a limited company for the operation and called it "Kwartech." A portmanteau of his surname and the word technology, run out of his apartment in Palma de Mallorca The scheme ran for over a year and pulled in roughly €300,000, about $370,000 at the time Returned boxes full of dirt were piling up in Amazon warehouses across Europe because nobody was opening them He only got caught because Amazon changed their return policy and started spot checking packages An employee in Barcelona opened one of his boxes at random, found it full of soil and flagged it to the Technological Crimes Unit of the Balearic Islands Police traced the returns back to Kwartech and arrested him in August 2019 The case was called the biggest Amazon scam ever recorded in Europe at the time He showed up to court, posted €3,000 bail and walked out the same day Others took the same playbook and got more sophisticated with it A guy in North Carolina named Hudson Hamrick pulled $290,000 out of Amazon over four years by ordering expensive electronics, guitars and tools and returning cheaper broken versions of the same items in the original boxes An international ring called REKK openly advertised their services on Reddit and Discord, charging a fee to get fake refunds approved on anything you ordered They pulled in millions by bribing Amazon employees to push the refunds through manually before anyone could inspect the package Amazon spent $1.2 billion in 2022 alone trying to fight return fraud and hired 15,000 people to work on it full time The craziest part is that the original scam still works today Weigh the item, match the weight, ship back something worthless, collect the refund Amazon processes millions of returns a week and the machine checking the box at the warehouse only knows one thing about what's inside it

Someone sent $0 worth of a dog coin to a man who didn't ask for it. He turned it into the largest crypto donation in history. > In August 2020 an anonymous person calling himself Ryoshi launched Shiba Inu with one quadrillion tokens > It had no investors, no VCs or a press release. > His plan, written in something he called a "woofpaper", was to send 50% of the entire supply directly to Vitalik Buterin. > He just sent him 500 trillion SHIB tokens to his wallet without warning. > His reason was: "There is no greatness without a vulnerable point. As long as VB doesn't rug us, Shiba will grow and thrive." > He intentionally made the co-founder of Ethereum the single largest holder of his memecoin as a marketing strategy without ever telling him. > Vitalik woke up one day with 50% of a dog coin sitting in his wallet and had no idea what to do with it. > By May 2021 those tokens were worth over $1 billion. > He donated 50 trillion SHIB to India's COVID-19 relief fund > Worth $1.2 billion at the time it was the largest crypto donation in history. > Then burned 410 trillion of the remaining tokens, destroying $6.7 billion in a single transaction > Saying he didn't want to be a "locus of power" in a dog coin project. > SHIB pumped on the news of the burn. > In May 2022 Ryoshi deleted every account, every blog post, every trace of himself and disappeared. > His last words: "I am not important, and one day I will be gone without notice. Take the SHIBA and journey upwards frens." > Nobody knows who he is. He never sold a single token. The coin he built reached a $40 billion market cap. None of it was supposed to work and all of it did.

BREAKING: Banks and crypto firms have privately agreed on a deal for the Bitcoin market structure bill. An announcement is expected this week. The CLARITY Act has been stuck since January over one dispute, whether crypto platforms can offer yield on stablecoins. That fight appears to be over. Coinbase CLO Paul Grewal said on April 1 they were within 48 hours of a deal. Sources now say the compromise was finalized Friday. The Senate Banking Committee markup is expected in the second half of April. If this holds, the most important piece of crypto legislation in U.S. history moves forward.




