I paused over this idea.
You have a friend who has a $1,500 monthly EBT credit deal. Your friend...is a druggie, and would prefer cash.
You go tp the buddy and offer $1,000 cash, for the card. Every month for two years.....you pay $1000 in cash. The card keeps accumulating $1,500 monthly.
First year....$18,000 on the card. $6000 profit.
Second year....$36,000 on the card. $12k profit.
Cost to you? $24,000. You've got a profit of $12,000.
You use the card....maybe once a month....for $500.
Audit? Never will occur.
Tax-free....better deal than a bank CD.
It would be better....if you had four friends.
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