What is a Money Mule?
Unless you’re co-starring in an action movie, you’ve probably never considered being a partner in crime.
Outside of the silver screen, however, scammers are tricking people into doing just that. Money Mules pass along illegally acquired money on behalf of someone else, these individuals act as a layer of distance between victims and scammers, often unknowingly, making the scam harder to trace.
Beware of offers promising quick cash or a commission in exchange for moving money from one place to another.
This may take the form of a fake job opportunity, investment scheme, or bogus prize winning. The scammer might make excuses that they’re unable to receive funds through a particular payment method and need your help to pocket the money. In reality, the scammer is routing stolen money through you, using you as a middleman to help cover their tracks.
Remember, acting as a money mule is illegal, even if you aren’t aware you’re committing a crime.
It’s important to only send and receive money with those you know and trust. If money has been sent, contact your financial institution directly at the number listed on the back of your bank-issued debit card, in your banking app, or the bank’s official website.