Path: utzoo!utgpu!jarvis.csri.toronto.edu!mailrus!accuvax.nwu.edu!nucsrl!telecom-request From: John Higdon Newsgroups: comp.dcom.telecom Subject: Re: COCOT Scam Message-ID: <2625@accuvax.nwu.edu> Date: 5 Jan 90 11:11:26 GMT Sender: news@accuvax.nwu.edu Reply-To: John Higdon Organization: TELECOM Digest Lines: 20 Approved: Telecom@eecs.nwu.edu X-Submissions-To: telecom@eecs.nwu.edu X-Administrivia-To: telecom-request@eecs.nwu.edu X-Telecom-Digest: Volume 10, Issue 8, message 4 of 7 Dave Brightbill writes: > I also learned that COCOTs are a fav of folks with large clumps > of cash to launder. They put in a phone and report huge takes > in the coin box. Sort of like the vending machine business used to be. Ah, but unlike the old vending machine scam, it would be possible to audit one of these babies and nab the perp. Remember, the cash in the box would have to be at least loosely related to the local charges on the line and the charges from the AOS or LD carrier. A clever IRS man could nail one of these laundramats in a hurry. And the more cash reported, the greater chance an audit would be triggered, particularly if receipts seemed way out of line from the rest of the industry. Just a thought. John Higdon | P. O. Box 7648 | +1 408 723 1395 john@bovine.ati.com | San Jose, CA 95150 | M o o !