Do you know the signs of a money mule scam?

Listen, I know it’s hard out there and there are so many ways to make money that seem legit and we all want an opportunity to make quick money but if you don’t know the signs of a money mule scam you will be taken for a ride. When cybercriminals earn money via illegal means, they need a way of ‘washing’ the money to make it seem legitimate and get it back into mainstream circulation. To do this, they recruit money mules.

The mule is a person who transfers illegally obtained money between different payment accounts, very often in different countries, and earning commission for doing it.

Cybercriminals use online advertising to recruit victims via:

  • Social Media
  • Emails
  • Get rich quick schemes

They even create fake websites that look like legitimate websites to make the job seem like it is coming from an established organization.

Keep an eye out for things like:

  • Fake job offers that are too good to be true
  • Lots of money for doing little work
  • Big Commission 
  • Instant Cash
  • Easy Money

Even if you are a victim of a money mule scam, you could still face prosecution as you are responsible for all the transactions processed using your bank account. If you are approached or have any suspicions around monetary transactions, report it.

  1. Never open a bank account for someone else.
  2. Don’t allow someone else to use your bank account.
  3. Keeping quiet when spotting something can be seen as complicity.

I hope this article was helpful, if you have any questions, please feel free to contact me. If you would like to be notified of when I create a new post, you can subscribe to my blog alert.

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Patrick Domingues

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