Quote:
Originally Posted by Hack&Lube
In the case of a ladder business (you'll lose money because we floated up here on our angel wings and don't need any ladders), it's a basic principle of capitalism to sell a good or service above your cost in order to profit but you are not required to report your original cost to the end-user consumer.
Re-selling a product back to a store based on a false premise (lying about the origin of the product, claiming ownership of the product originally belonged to the store, and that they now have an onus to purchase that item back from you due to a deceptive manipulation of their policy) is fraud both in a pragmatic way - you are choosing to cheat the system set in place for the convenience of other non-abusing consumers ....but it is also defined in the criminal code.
Return fraud (you committed both cross-retailer return fraud and price arbitrage fraud) is fraud and is punishable under the Canada Criminal Code sections 380(1)(b) for fraud under $5000 with penalties of 6 months to 2 years imprisonment and $5,000 in fines. Fraud over $5,000 is punishable under sections 380(1)(a) with penalties of up to 10 years in prison.
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God I really should not have stayed up that one night studying for that Certified Fraud Examiner's exam to prove to my lazy buddy that it was easy.
Also, let me get off my high horse here and admit that when I was a stupid pre-pubescent kid, I did try to commit fraud such as switching tags or actually taking product, but I never had the balls to actually return anything for cash or credit because that increases the chance that you get caught for your original act. I can't believe adults in this thread have the balls to do that and even justify it.
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I did not know this was illegal and it turns out I am wrong and I admit it. Its not something I would have done if I thought I was screwing someone over and I don't feel anyone was at a loss here as I explained in previous posts. Thank you.