Say hypothetically a really rich billionaire wants to donate/invest a lot of money to/in you what would be the best non crypto option to get that money since PayPal most bank accounts for that matter would stop and question you on it and probably wouldn’t believe it’s a donation?
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Mark the email as spam and move on.
If they really wanted to help, I would not be the person to come to.It’s a scam. Do not engage. If a billionaire really wanted to send you money, they can pay for the lawyers and accountants to make sure it is all above board. Maybe they make a foundation and give you a cushy job there. That’s how actual billionaires do it. What you do with after is up to you (and your countries’ tax authorities, no doubt.)
Ironically, if it weren’t a scam, then crypto can be the safest way to receive any funds. If you securely generated your own crypto wallet, and sent him an address on a reputable blockchain to send funds to, and he actually sent them, then the money is yours, forever, no backsies.
Of course, that’s not how crypto scams work, either. They always guide you to use a wallet that they control (and can drain funds out of easily), or tell you to send crypto to them first to unlock something.
They would have their people set up a trust fund for you, or they would have their people transfer the money to you.
This is not a problem you need to consider in this situation
Any billionaire that wants to donate money to a cause won’t be giving it to an individual. Only an organization that can give them a tax receipt.
Unless he’s standing at your door with a big bag of clean dollar bills, ignore it.
Hypothetically: Banks don’t generally scrutinize the source of the money or why it’s being transferred. If the funds exist in the account, they just make the transaction. Also it’s on the gift giver to pay any applicable taxes.
In real life: Scammers posing as a billionaire are infinitely more likely to contact you than a real one. The scammers will depend on you thinking a normal bank transaction won’t work so you can jump through some hoops that will inevitably have you paying them real money instead.
There is a law called Know Your Customer. You have the generally backwards
If they are willing to invest millions in me, they can fly their ass over to me and deliver it themselves.
I’d also be willing to fly out to them if theyd rather just buy me the plane ticket.
check? EFT? ACH? bank transfer? depends on the amount. When you are dealing with that much money, Step 1: Accountant, Step 2: Attorney. You will be paying taxes, it is their job to minimize it. It is not your job to worry about it. If you are worrying about it, You. Are. Doing. It. Wrong.
It’s a scam at best. At worst you find yourself being part of a death game, thinking you can win all the money by killing all of the other players - only to get executed in the end anyway.
If billionaires actually wanted to help people, they wouldn’t be billionaires.
If my nigerian princes have taught me anything is that these kind of things are always best done by western union.
They don’t, they want to help themselves. If you happen to benefit as well, it’s basically a rounding error on their part, which they’ll be sure to minimize in the future.
Tell them you want a meeting in person to discuss exactly what the investment plan is and what they envision coming from it. If they really wanted to invest “millions” then they won’t mind meeting in person
What if I spontaneously sprouted wings and flew? It’s about as likely.
Using legit regular banks would be your best bet to avoid scams or being accused of fiscal crimes.
It depends on where the billionaire’s and your bank account are located (some restrictions may apply), but a normal bank transfer works perfectly for any amount. Of course for large amounts it’s better to contact the banks first because it may reject a large deposit if it comes out of the blue.
For donations there will be taxes and some bureaucracy, the anti money laundering will be triggered, but it’s nothing impossible to handle.
