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What’s a Money Mule?
A money mule is someone who criminals use to transfer and launder illegally acquired money. Criminals could target you through online jobs ads, social media, dating websites, or investment opportunities. Being a money mule can have serious consequences, not only could you lose your money, but you could be considered an accomplice to a crime.
Avoiding the Scam:
Avoid becoming a Money Mule! A scammer will ask you to use your own bank account, or open one with the intention of receiving or transferring money for anyone. It is important to remember to never share your banking account information with anyone! You should also never accept or endorse a check that’s not made payable to you, even if you’re asked to do so.
Scammers will often ask for your sensitive data. Never share your bank passcodes, online banking credentials, card number, or pin. And remember to always monitor your bank accounts and report any suspicious activity right away.
When a scam is suspected:
If you suspect a scam, you should end contact with the suspected criminal and contact the bank immediately. You should also report it to the Federal Bureau of Investigation at IC3.gov. You can also report Mail Fraud or Mail Theft through the United States Postal Inspection Service (USPIS) website here: USPIS.gov or call 1-877-876-2455.