Personal ID trading websites are offering UK residents cash payments in exchange for identification documents, raising significant consumer protection concerns. These documents are allegedly used to create multiple online betting accounts.

Consumer watchdog Which? Money's deputy editor Sam Richardson strongly advises against sharing personal information with unfamiliar firms. He recommends consulting with your bank before engaging in such arrangements to avoid potential terms violations.

One such website, Moneyful.co.uk, offered £100 for ID documents and an additional £100 for referrals. While the company claims to use specialized software for betting profits, similar schemes have led to criminal charges. In 2023, Jon Howard received a five-year prison sentence for fraudulently creating over 1,000 betting accounts using others' IDs, generating £236,000 in illegal profits.

Moneyful's legal representatives defended their operations, citing:

• Full tax compliance
• VAT registration
• A 4.3 TrustPilot rating
• Comparison to legitimate passive income investments

Despite these claims, Moneyful's website has been taken offline and listed for sale. The practice of trading personal identification for betting purposes carries significant risks:

• Potential fraud involvement
• Identity theft concerns
• Banking terms violations
• Legal consequences

Consumers should exercise extreme caution with any requests for personal identification documents, particularly when monetary incentives are offered.

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