A warning to anyone looking to buy or sell Velocity points using the 'family transfer' scheme, a recent article on AUSBT suggests that Virgin is now cracking down on this in a big way (and in some cases, it sounds like they've cast their net back several years): http://www.ausbt.com.au/velocity-accounts-being-suspended-du…
As discussed in other threads, Qantas also appears to have been recently cracking down on dodgy family transfer transactions.
While points selling is still rife here, it's really not worth the risk, in my opinion.
——A spokesperson for Velocity Frequent Flyer asserted that there has been no sudden crackdown on questionable points transfers, but rather that the company was continuing its diligence in monitoring points transfers “to ensure compliance with the terms and conditions.”
There's always a risk when it comes to selling/transferring points but im not sure if ~two dozen shut downs is a big crack down…