All the sales so far are legit, but this may be a new angle for MAGNA...A 9-member British gang used stolen credit cards to purchase their own music on iTunes and Amazon...then collected the royalties — an estimated $300,000 total.
The gang, made up of six men and three women (Chumbawumba?), included one DJ who created the music. They then listed it on iTunes and Amazon and negotiated a pretty plush 40% commission for themselves before using stolen credit cards to purchase $750,000 worth of their music.
The crooks are believed to have compiled 19 songs which were put on the sites, and some were even reported to have attracted attention from music bosses. It was said that the group paid an annual $30-per-album fee to Tunecore, a music distribution service, to get their albums on the sites before downloading them at $10 a time, but Scotland Yard have been unable to confirm this. Apple refused to comment on the story but it is believed that they made around 40% from the royalties.
The gang, made up of six men and three women (Chumbawumba?), included one DJ who created the music. They then listed it on iTunes and Amazon and negotiated a pretty plush 40% commission for themselves before using stolen credit cards to purchase $750,000 worth of their music.
The crooks are believed to have compiled 19 songs which were put on the sites, and some were even reported to have attracted attention from music bosses. It was said that the group paid an annual $30-per-album fee to Tunecore, a music distribution service, to get their albums on the sites before downloading them at $10 a time, but Scotland Yard have been unable to confirm this. Apple refused to comment on the story but it is believed that they made around 40% from the royalties.
Unfortunately, the artist name they used hasn't been released, so I can't make fun of whatever clanging noise they passed off as music, especially since it was made by a DJ. And while it was a good cover, if you're going to rack up three quarters of a mil in illegal credit card bills, why not buy things you can flip for the full cost or more?
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