May
25
2013
Don’t Be A Money Mule – You Will Be Prosecuted
Credit Union Members Nationwide Recruited as Money Mules
A number of credit unions across the country have reported that their members are being recruited as money mules by fraudsters. Money mules unknowingly assist fraudsters in laundering stolen funds. The source of the stolen funds received by the money mules is often from account takeovers at other financial institutions through online banking systems. Money mules are most often recruited through bogus job offers for payment processors, financial managers, or overseas representatives. Continue reading
