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.
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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.
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
Unless he’s standing at your door with a big bag of clean dollar bills, ignore it.
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.
If billionaires actually wanted to help people, they wouldn’t be billionaires.
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What if I spontaneously sprouted wings and flew? It’s about as likely.
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
Start a foundation, advertise that they are passionate about cause, reach out to you to arrange an in person meeting with you or your legal representative, write a check.
But also, it’s not a donation. You are not a 501c or a 527. There is a maximum gift allowance that is tax free in the US. You have to pay taxes on top of that amount.
You should go through your bank because your bank knows the relevant tax laws and theoretically is capable and willing of countering money laundering
You don’t get to be a billionaire by being nice. They will wring every last bit of value out of you.
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.
If my nigerian princes have taught me anything is that these kind of things are always best done by western union.
