{"id":1043,"date":"2024-01-28T16:08:26","date_gmt":"2024-01-28T21:08:26","guid":{"rendered":"http:\/\/18.224.44.141\/?p=1043"},"modified":"2024-01-28T16:09:25","modified_gmt":"2024-01-28T21:09:25","slug":"what-is-a-money-mule-scam","status":"publish","type":"post","link":"http:\/\/prod-admin.cfcudev.com\/news\/fraud-and-security\/what-is-a-money-mule-scam\/","title":{"rendered":"What is a Money Mule Scam?"},"content":{"rendered":"\n

Here are some tips on how to avoid becoming a victim.<\/em><\/em><\/em><\/h4>\n\n\n\n

If someone sends you money and asks you to send it out to someone else on their behalf \u2013 STOP! By participating in the transaction, you could become what law enforcement calls a \u2018money mule\u2019. Money mules are used by scammers to launder stolen money.<\/p>\n\n\n\n

These money mule scams often start as online dating relationships, online loan applications, online job applications for personal assistant or other work-at-home type jobs, car wrapping, secret shoppers, or even prizes. Here is an example of how the scam works. The scammer will send money to you and then ask you to send most of it out to someone else on their behalf. The transfer out request usually includes methods such as gift cards, wire transfers, cryptocurrency such as BitCoin, or even sending cash through the mail.<\/p>\n\n\n\n

The scammers often demand immediate action before you have time to think about what they have asked you to do. They will not tell you the money is stolen. Unfortunately, you will soon realize there never was a relationship, job, or prize – only a scam that could get you into legal trouble for helping move stolen money. Criminals are good at manipulating innocent people to help them. The money they send you may be from other person they scammed, and you may be helping criminals hurt people just like yourself.<\/p>\n\n\n\n

Here are a few things you can do to avoid becoming a victim of a money mule scam:<\/em><\/em><\/p>\n\n\n\n