You can double your money on PayPal from a vacancy, according to a Romanian convicted of 2012 for the temporary blocking of US Army, Pentagon and NASA systems.
Cernăianu Manole Răzvan, who used the TinKode alias in the past, had to pay a € 93,000 fine to cover the damages he caused to his victims and was sentenced to two years in prison with suspension.
Today he is working at CyberSmartDefence.com, a Romanian-based web development company run by 2004.
Let's make it clear before we go into details: The method of cheating Cernăianu's PayPal to double your money is a scam. Do not try it as the company knows the cheating system.
In essence, this requires three PayPal accounts: one that appears to be a legitimate buyer, one that "plays" the unreliable seller, and one that is used as a money transfer account.
Both accounts are linked to virtual credit cards - a service offered by some banks and credit card companies to help protect online shoppers.
A scammer starts by sending money from the first account and claims to have bought a phone from the unreliable seller. After transferring the money there, he then issues a "gift" payment and transfers the money to the third account.
Cernăianu assures PayPal's fraudulent method is safe. But you keep a small basket…
As if you are committing a crime and the police might well come to hit your door.
In any case, Cernăianu states:
You can transfer the money to the second account on the pretext that you purchased a phone. From your second account, transfer the money to the third account as a gift again. After 24 hours, you can use the billing feature from the first account to get the money back on the pretext that the phone has never been delivered.
Paypal will initiate a process where both sides will have to provide evidence for their defense. Obviously only data will be sent from the first account that proves to be deceived.
PayPal will return the money to the first account, and the money is already in the third account. So you can double your money.
Cernăianu declared the security gap in PayPal through the Bug Bounty program, thinking he would get some money as a reward. It did not, however, as the company claims it is not a hack but a common fraud.
The answer he received after one and a half months:
Thank you for your patience while we were trying to complete our research. After reviewing your submission, we have determined that the gap is not a Bug Bounty issue but one of our Privacy Policy.
PayPal assures that they are aware of Cernăianu's allegations and are working hard to keep money in their funds and to punish those who try to trick the company.
So do not try it. It's a scam. It's illegal.
