Transferring money to earn miles?
Was talking to a friend the other day and he talked about using amazon payment processing to earn airline miles on "fake" purchases to a friend. Essentially he said he sent the other party the maximum allowed for points and the other person would do the same to him, the result was a purchase for X dollars on each of their credit cards but because they sent the money to each other they didn't spend a dime. Rinse and repeat each month for free miles/points/cash back.
Has anyone heard or had experience doing this? Seems like an easy way to rack up airline miles if this is true or easy, or just lose a friend when they take your cash! Just thought about doing this with another person in order to save up airline miles for trips without giving up my cash back that I enjoy for most of my purchases.