A friend wants to open a business in my name. I don’t have to do any of the work, but he just uses my identity on all the paperwork. He and his millionaire friends all do this all the time, and now he wants me to become one of his puppets. Is this actually legal? What kinds of liabilities would I be opening myself up to by agreeing?

Throwaway account, I’m terrified for him to know

  • Kittymom4@alien.topBEnglish
    1·
    10 months ago

    Nope. And I’d put a freeze on your credit checks and shit to make sure he can’t do anything without you knowing.

    In case you need someone to tell you - your friend is shady as hell.

    • checkmate55963@alien.topBEnglish
      1·
      10 months ago

      LOL right? But his lawyer might pay a visit, to remind him of the Non Disclosure Agreement they had him sign.

  • RNEngHyp@alien.topBEnglish
    1·
    10 months ago

    If you’re terrified for them to know you’re posting this, why would you even consider going into business with them? Legal, or not? That would be an insane plan!

    My alarm bells are ringing TBH and I hope, for your sake, that you pass on this request.

  • nrstx@alien.topBEnglish
    1·
    10 months ago

    Are you a veteran, minority or woman? Perhaps your ID is being leveraged fraudulently to get contracted work through set asides? Sounds fishy. I wouldn’t do it. The penalties for many of these, especially as a federal contractor can be pretty severe.

  • Independent_Mind_395@alien.topBEnglish
    1·
    10 months ago

    Nope. Illegal. Fraudulent. You are asking for major trouble for yourself. YOU will be the one who burns for that. Don’t do it

  • ubercorey@alien.topBEnglish
    1·
    10 months ago

    This person is engaging in identity fraud with you as the victim.

    If you feel the advice here is missing the mark, hire and atty.

  • FedsRWatchin@alien.topBEnglish
    1·
    10 months ago

    What is this business he wants you to open for him? If his millionaire friends do it all the time why isnt he asking them? Is this a real life friend you have known forever or some internet “friend”? If your name is on any paperwork at all you have liability.

  • WvTvW@alien.topBEnglish
    1·
    10 months ago

    Sounds like the movie the other woman. The husband opened his banking/investment business under his wife’s name to launder money from international banks.

  • heatdish1292@alien.topBEnglish
    1·
    10 months ago

    Figured out why they’re millionaires. Open a business in some schmuck’s name, open up a bunch of credit cards and loans, pocket the money and leave the legal owner stuck holding the bag.