- Get private mailbox using fake ids and someone else's info.
- Apply for a bunch of CC's in your name, have them sent to the private mail box
- Max out all the CC's on a btc (circle/coinbase) account, then move the btc around a bunch, tumble it, etc.
- Call the police, work with fraud dept at CC's to get charges removed from your credit.
- Profit.
(Assume opsec is good, so the identity thief is untraceable)
(I'm sure I'm missing something here. The idea just came to me and I wondered why it wouldn't work. Seems to good to be true if it would.)
Credit card companies will usually have a policy of sending first cards to the billing address for exactly this reason.