REPORT ALL SUSPICIOUS OR CRIMINAL ACTIVITY TO 911

Sunday, February 9, 2025

MONEY MULES- A Scammer’s Trap

Scammers usually are after one or two things from their victims- their money, and/or their personal information to steal more money. Sometimes a scammer will take your money and ID then they will try to get you to help them launder the stolen money from other victims.

Laundering money is important to a fraudster to disguise the fact the money is stolen. The stolen money is moved through a series of accounts and steps to a legitimate (or legitimate seeming) account that the fraudster controls. By taking steps to hide the origins of the stolen money, the fraudster makes it more difficult for law enforcement agencies to track the stolen money and show that it came from a criminal enterprise.

One tool to help with this process is a money mule. Traditionally, a money mule was a person who physically moved cash from one place to another. Money mules still exist, only now they may move cash, but they also can move money electronically from one account to another.

Fraudsters can use people who they hire or control and who know they are laundering money (the FBI refers to these people as complicit). Fraudsters can also trick a person into acting as a money mule (or being an unwitting actor) through a scam such as a romance scam or through a job offer.

Job offers might be an “easy” work-at-home “opportunity” as a “finance officer” or “money processing agent.” If you take the job, you might find that all you have to do is receive money that you deposit in your own bank account from people or entities that you do not know, then transfer the money to other people or entities that you do not know.

Fraudsters also recruit money mules through romance scams. At some point, not always right away, they may ask you to accept some money in your personal account, then transfer it to someone else that you do not know.

While the fraudster may have a cover story for why he/she would like you to help move this money, its real sources come from crimes such as drug trafficking, human trafficking, or other financial crimes. During the COVID-19 pandemic, fraudsters used money mules to launder stolen relief funds such as unemployment benefits and small business loans.

Some signs of a money mule scam include,

·         You are asked to use your personal bank account or create an account in your name to receive money from someone you have never met.

·         You may be told to keep a portion of the money that they transfer.

·         Your new “employer” communicates with you via a common web-based email service such as Gmail or Microsoft Outlook.

·         You receive an unsolicited email or social media message that promises easy money for little or no effort.

Being a money mule, unwitting or complicit, can put you in serious legal jeopardy. The FBI warns that you can be prosecuted and incarcerated for participating in a criminal money laundering conspiracy. You can be charged with federal crimes such as mail fraud, wire fraud, bank fraud, money laundering, and aggravated identity theft. Your credit and financial standing can also be damaged. In addition, the fraudsters can steal your personal information to use in their other criminal schemes and you could be held personally liable for repaying money lost by victims. In many cases, the fraudsters who you were working for have disappeared, leaving you to hold the “bag” when law enforcement authorities knock on your door.

If you think that you are being or have been recruited to work as a money mule report it to,

·         The Washington State Attorney General’s Office- https://www.atg.wa.gov/contactus.aspx

·         The FBI-

o   Internet Crime complaint Center- https://www.ic3.gov/

o   Seattle Field Office- https://www.fbi.gov/contact-us/field-offices/seattle

·         Federal Trade Commission- https://reportfraud.ftc.gov/

·         United States Postal Inspection Service, if the scammers contacted you through the mail-

o   Call- 877-876-2455

o   Or file online- https://www.uspis.gov/report

 

 

  

 

United States Postal Inspection Service:

https://www.uspis.gov/news/scam-article/money-mule

 

Federal Bureau of Investigation:

https://www.fbi.gov/how-we-can-help-you/scams-and-safety/common-frauds-and-scams/money-mules

 

AARP:

https://www.aarp.org/money/scams-fraud/money-mule-scams/

 

AARP The Perfect Scam-

While I have been focusing on money mules, people can be recruited to move other illegal goods such as stolen merchandise or illegal drugs. This episode describes how easy it is to get caught up in becoming a mule and the serious consequences if apprehended, in this case a foreign country.

https://www.aarp.org/podcasts/the-perfect-scam/info-2025/blind-mule-drug-trafficking-scam.html

 

Federal Trade Commission:

https://consumer.ftc.gov/consumer-alerts/2020/03/whats-money-mule-scam

 

South Snohomish County Crime Watch-

https://ssnoccrimewatch.blogspot.com/2019/12/money-mules-helping-scammers-steal.html

 

Investopedia-

https://www.investopedia.com/terms/m/moneylaundering.asp

 

 

No comments:

Post a Comment