Get-rich-quick social media scams are turning teens into money mules

guest · Feb 11, 2019

Get-rich-quick social media scams are turning teens into money mules
February 11, 2019
https://nakedsecurity.sophos.com/20...dia-scams-are-turning-teens-into-money-mules/

In a recent investigation by Sky News, it was revealed that fraudsters are increasingly preying on young people, turning teenagers into money mules by promising them easy money via ads on Instagram, Snapchat and other social media platforms.

Via social media get-rich-quick ads, the criminals talk victims into using their own bank accounts to launder the proceeds from crimes. They promise their victims a cut of the proceeds, but all too often, the victims don’t get anything.
”The easiest way now is to go on Instagram and type in ‘instant cash’”
Sky News talked to both the victims and the scammers who scoff at the notion that they’ll be caught. One of the scammers was “Dan,” from London, who told the news outlet that he’s been scamming social media users for several years now.

They want to make easy money. They just think they’re handing over a bank card with their details.
They don’t realize they’re not going to see any of this money at the end of it.
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guest · May 1, 2019

Police Scotland warns of rise in teens targeted as money mules
April 29, 2019
https://www.theguardian.com/world/2...arns-of-rise-in-teens-targeted-as-money-mules

Police Scotland has written to secondary schools across the country warning parents and teachers that criminal gangs are targeting teenagers to act as “money mules”, as a senior officer warned youngsters are increasingly recruited online to move the proceeds of fraud through their own bank accounts.

[...] “Social media is exacerbating the issue, with ‘get rich quick’ schemes, fraudulent WhatsApp groups and other techniques increasingly targeting younger demographics.
“A popular method of recruitment is inviting young people to join WhatsApp groups, and then asking them for access to their accounts or to provide their card details. If they decline, they are then asked to leave the group. In some cases gangs have threatened the mule and their family when they have tried to back out.”
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