PayPal Helping The IRS Track Down Tax Cheats

from the so,-please-launder-elsewhere dept

A few years ago, in a widely publicized article, eBay's liaison to law enforcement proudly talked about how the company would hand over all sorts of info to law enforcement if asked (even without a subpoena). So, it shouldn't come as much of a surprise eBay-owned PayPal is helping the IRS track down tax cheats by handing over the identity of customers using PayPal from a variety of well known tax havens. Of course, anyone who thought it was a smart idea to launder money through PayPal probably shouldn't be all that surprised when federal investigators show up on their doorstep.

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  1. identicon
    Menexis Offshore, 30 Mar 2009 @ 11:31am

    knew all along

    I've always knew or suspected that paypal does this. If you carefully read their privacy policy and read between the lines, they do state that government officials have the right to request information from them, but this was mostly for fraud investigations and would also include others minor things like taxes as well

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