Last month, the FBI released an informational booklet to raise consumers’ awareness of money mule scams, how they may be recruited to serve as mules, and the possible consequences of being involved in such a scam. The booklet “Money Mule Awareness“ identifies indicators of money mule involvement and tips on how consumers can protect themselves. It is part of the FBI’s “Don’t Be a Mule” campaign that includes a partnership with international law enforcement agencies to raise awareness of and curtail this illegal activity.
What Are Money Mule Scams?
Money mule scams happen when people fall victim to fraud or agree to move stolen money for criminals. Scammers often fool their victims with fake job offers, online friendships, or other sneaky tricks, making them unknowingly help with illegal activities.
How Consumers Are Recruited
Scammers often use a variety of methods to recruit money mules, such as:
- Fake job opportunities. Promising quick and easy money for minimal effort.
- Romance scams. Gaining trust and requesting assistance with “financial transactions.”
- Social media or email phishing. Fraudulent messages offering help with funds or urgent transfers.
How To Protect Yourself
The FBI’s booklet offers practical advice on identifying and avoiding money mule scams. Here are some key tips:
- Verify job offers. Be cautious of roles that involve transferring money or packages.
- Guard your personal information. Don’t share sensitive details with strangers online.
- Spot unusual requests. Be wary of anyone asking you to transfer money on their behalf, especially if you don’t know them well.
- Educate yourself. Learn the common signs of scams to stay one step ahead.
Learn More
The “Money Mule Awareness” booklet helps people spot the warning signs of money mule scams and understand the risks. It’s an important guide for anyone who wants to keep their money and personal information safe. At First United Bank & Trust, we want to help customers stay smart and protect their finances. Learning more and being careful can help you stop these scams and stay safe. To learn more, visit the FBI’s website and check out their resources on money mule awareness.