U.S. Law Enforcement Takes Action Against Money Mules in Initiative to Disrupt Transnational Fraud

Sheryl_Wharff

The Justice Department, FBI, U.S. Postal Inspection Service (USPIS), and other federal law enforcement agencies completed their Money Mule Initiative, an annual campaign to identify, disrupt, and criminally prosecute networks of individuals who transmit funds from fraud victims to international fraudsters. Fraudsters rely on money mules to facilitate a range of fraud schemes, including those that predominantly impact older Americans, such as lottery fraud, romance scams and grandparent scams as well as those that target businesses or government pandemic funds.

As part of this year’s initiative, law enforcement took action to stop over 3,000 money mules responsible for facilitating a range of fraud schemes. These thousands of actions ranged from criminal prosecutions designed to punish those intentionally assisting fraudsters to warning letters intended to advise those who may have been unknowingly recruited by fraudsters. Agencies are also conducting outreach to educate the public about how fraudsters use money mules and how to avoid unknowingly assisting fraud by receiving and transferring money.

Read more here …https://outlookseries.com/A0767/Financial/3645_U.S_Law_Enforcement_Money_Mules_Transnational_Fraud.htm

Tim Marsh, Quantexa share some thoughts.