Don’t be a Money Mule

Posted by rmt22 at Sep 23, 2019 03:59 PM |
We’re working with Leicestershire Police to raise awareness of their Money Mules campaign

As you start term it’s easy to be tempted by offers to earn quick cash with little effort, but it’s important to protect yourself and your money.

What is a Money Mule?

Fraudsters target people who may be in financial difficulties and ask them to receive money into their bank account and transfer it into another account, offering to let them keep some of the cash for themselves.

If you let this happen, you’re a money mule. Criminals need money mules to launder the profits of their crimes and by helping them, you would be committing a crime.

What could happen?

Once you become a money mule, it can be hard to stop. You could be threatened with violence if you don’t continue to let your account be used by criminals.

If found to be a money mule your bank account could be closed, you would find it hard to access student loans or get a phone contract. In the very worst cases you could go to prison.

How can I protect myself?

You could be approached online or in person. They might post what looks like a genuine job ad, then ask for your bank details.

Don’t be fooled by offers of quick cash and make sure that you only give your bank details to genuine organisations and employers you trust.

Visit the Money Mules website to find out more

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