Can you go to jail for being a money mule?

Can you go to jail for being a money mule?

Acting as a money mule is illegal and punishable, even if you aren’t aware you’re committing a crime. If you are a money mule, you could be prosecuted and incarcerated as part of a criminal money laundering conspiracy.

What do you do if you are a victim of money mule?

If you think you may have been a victim of fraud, please contact your bank or card issuer as soon as possible using the number advertised on their website – If you bank with TSB, call 0345 835 7922 or visit the TSB Fraud prevention centre. Please also report the incident to Action Fraud.

How do I stop being a money mule?

If you think you have been approached to be a Money Mule or have been caught up in a money laundering scheme, the best advice is to stop transferring money immediately and notify your bank.

What do I do if I get conned out of money?

Contact your bank and report the fraudulent transfer. Ask if they can reverse the wire transfer and give you your money back. Did you send money through a money transfer app? Report the fraudulent transaction to the company behind the money transfer app and ask if they can reverse the payment.

Why do criminals use money mules?

Fraudsters try to trick you into allowing them to use your bank account to receive money gained through illegal activities, such as drugs sales, human trafficking, smuggling, fraud and corruption. …

How do I report a money mule?

It’s important to report money mule activity/scams as soon as possible. Contact the Postal Inspection Service (; 877.876. 2455). Also report any suspected Money Mule email or social media scams to the platform provider.

How are money mules recruited?

Money mules are recruited, sometimes unwittingly, by criminals to transfer illegally obtained money between different bank accounts. Criminals will often use fake job adverts, or create social media posts about opportunities to make money quickly, in order to lure potential money mule recruits.

How many money mules get caught?

As a result, 4 031 money mules were identified alongside 227 money mule recruiters, and 422 individuals were arrested worldwide.

What is the punishment for money mule?

What are the consequences of Money Mule? Inaccessible bank accounts: During an investigation, law enforcement officials may freeze Money Mule’s bank accounts. Being unable to access funds may create a significant financial burden. These activities may also have a long-term impact on credit scores.