Wednesday April 20, 2016

Amazon Unintentionally Paying Scammers

If I've said it once, I've said it a thousand times, if scammers put this much energy into a real job, they'd be millionaires by now. It makes me wonder how these guys aren't easily caught though. You have to have a real bank account for Amazon to place payments in and someone had to open that account. Right?

Amazon created Kindle Unlimited, a Netflix for books, that’s delivering indie authors revenue and readers. But it turns out that the way it works may have created an opportunity for scammers to steal earnings from real writers producing genuine works. On the bright side, Amazon isn’t spying on Kindle users as they read. That’s a tiny bit of good news in the discouraging tale about hacking a monthly pool of a few million dollars that means a lot to e-book writers but works out to small change for a company that broke $100 billion in revenue for the first time last year.

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