Matthew Cox

You're probably not going to find anybody in my industry mentioning this right now because there are very few of us out there who know about all like exactly what's going on now.

But but what they're doing is they're creating shell companies in different states like New York and Wyoming.

And they're getting they're getting bank accounts for those shell companies.

So they'll have someone here in the US who will open up, who will create, who will provide, say, like a mailing address for that New York corp.

But you don't have to verify a corporation for a year.

In some states, it takes two years.

Like California, I know because I incorporated there before.

You don't have to file your first statement of information for a year.

So you can get a bank account before then and commit tons of fraud.

And then once that year comes, you just create another corporation.

Exactly.

And just move on.

And that happens a lot.

So that's what they're doing now.

They're moving on to Zelle and Cash App and some of those.

Just because they're a little bit more obscure, though.

I mean, obviously, you want to use the most nimble and the most commonly used.

Everyone has a PayPal account, so they prefer to use that.

But you also don't want to get shut down.

Yeah, as you chase people into the sewer, they go to the less used services and things like that.