#WeekendWisdom 066 Money Mules
Welcome to #WeekendWisdom number 66. This week were going to talk about Money Mules.
Where is this coming from?
Have you ever wondered how the criminals who scam businesses out of lots of money through the use of fake invoices, invoice redirect fraud, CEO fraud, how do they move that money around? They use money mules.
Who are these Money Mules?
Money mules are people who have been recruited by the criminals. They’re generally just ordinary people who are maybe a bit hard up and need a bit of extra cash. They are recruited by the criminals to just make use of their bank accounts.
How does this work?
So the criminals will transfer funds in from the businesses that they steal from. They put it into the money mules account and they’ll be given instructions about where to send that money onto. The money mules would be paid a commission for doing so.
Where do they find them?
They usually recruit people like students or the unemployed. As I say, it’s people who are in need of money. They use slick ads, I’ve seen some of them on Facebook, that say
This Limerick mother of two earns €3,500 a week!
This Dublin man earns €3,400 a week!
Slick ads, easy money. It’s always just too good to be true.
Is there anything wrong with that?
It is also a crime.
So if you yourself or if you know somebody who is acting as a money mule, please stop doing so now or get them to stop doing so now. Report the matter to An Garda Síochána or your local law enforcement.
So that’s it for this week. Lets be careful out there and we’ll talk to you again next week.
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