FBI: You may be a money mule and not even know it

guest · Dec 4, 2020

FBI: You may be a money mule and not even know it
December 4, 2020
https://www.bleepingcomputer.com/news/security/fbi-you-may-be-a-money-mule-and-not-even-know-it/

The FBI has warned of an increasing number of scammers preying on unemployed Americans by trying to recruit them into their money mule schemes and use them to launder funds obtained via fraud, online scams, and other types of criminal activities.

Money mules are individuals who transfer or move illegally acquired funds on behalf of criminals using their own or fraudulently opened bank accounts, with or without being aware that they are supporting a criminal operation's money laundering efforts.

"Acting as a money mule—allowing others to use your bank account, or conducting financial transactions on behalf of others, jeopardizes your financial security and compromises your personally identifiable information," the FBI Baltimore Field Office warned.
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Scammers are now increasingly trying to ensnare U.S. Job seekers as money mules via "work from home job opportunities" published even on reputable job search sites according to the FBI.
This makes it a lot easier for them to reach more potential targets who are now a lot more susceptible to falling for such schemes.
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Not knowing you're a money mule is still a crime
"If you are a money mule, you could be prosecuted and incarcerated as part of a criminal money laundering conspiracy," the FBI explains. "Some of the federal charges you could face include mail fraud, wire fraud, bank fraud, money laundering, and aggravated identity theft."

This is the second warning issued by the FBI regarding cybercriminals increasingly exploiting the public fear and uncertainty surrounding the COVID-19 pandemic to recruit money mules after a previous one published in April by the FBI National Press Office.
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