A money mule, sometimes called a "smurfer",[1] is a person who transfers money acquired illegally (e.g., stolen) in person, through a courier service, or electronically, on behalf of others. Typically, the mule is paid for services with a small part of the money transferred. Money mules are often dupes recruited on-line for what they think is legitimate employment, not aware that the money they are transferring is the product of crime. The money is transferred from the mule's account to the scam operator, typically in another country. Similar techniques are used to transfer illegal merchandise.
Commonly, mules are recruited with job advertisements for "payment processing agents", "money transfer agents", "local processors", and other similar titles; the real benefit to the criminals is not the work carried out by the mule, but that the criminals are distanced from the risky, visible transfer. Some money mules are recruited by an attractive member of the opposite sex. After deducting a relatively small payment for themselves, candidates are asked to accept funds and to forward them to a third party, via remote work. Legitimate companies use escrow services for this kind of work.[2] Mules recruited online are typically used to transfer the proceeds from online fraud, such as phishing scams, malware scams or scams[3] that operate around auction sites like eBay.
After money or merchandise has been stolen, the criminal employs a mule to transfer the money or goods, hiding the criminal's true identity and location from the victim of the crime and the authorities.[4] By using instant payment mechanisms such as Western Union, the mule allows the thief to transform a reversible and traceable transaction into an irreversible and untraceable one.[5]
If an innocent third party's bank details have been compromised, they can be used as a mule without their knowledge, something sometimes called "Cuckoo smurfing".[1]
Criminals trading in stolen or illegally acquired goods use similar tactics to recruit mules who receive packages and forward them to mail drops not traceable to the criminal.[6]
Money mules are complicit and risk criminal prosecution[8] and long jailsentences.
Casesedit
In 2010, The FBI Cyber Crimes Task Force, composed of Federal, State, and Local law enforcement, charged more than 37 defendants involved in a highly organized money mule scheme, facilitated by the Zeus Financial Trojan. This group of money mules opened several bank accounts, using both real and fake identification, to receive stolen funds from compromised bank accounts, withdraw the stolen money, then wire the stolen funds overseas. These money mules facilitated the theft of over $3 million from victim bank accounts.[9]
^"Manhattan U.S. Attorney Charges 37 Defendants". Retrieved 2017-02-24.
Further readingedit
Leukfeldt, Rutger; Jansen, Jurjen (2015). "Criminal Cyber Networks and Money Mules" (PDF). International Journal of Cyber Criminology. 9 (2). Retrieved 2017-02-24.
December 18, 2023
money, mule, money, mule, sometimes, called, smurfer, person, transfers, money, acquired, illegally, stolen, person, through, courier, service, electronically, behalf, others, typically, mule, paid, services, with, small, part, money, transferred, often, dupes. A money mule sometimes called a smurfer 1 is a person who transfers money acquired illegally e g stolen in person through a courier service or electronically on behalf of others Typically the mule is paid for services with a small part of the money transferred Money mules are often dupes recruited on line for what they think is legitimate employment not aware that the money they are transferring is the product of crime The money is transferred from the mule s account to the scam operator typically in another country Similar techniques are used to transfer illegal merchandise Contents 1 Details 2 Penalties 3 Cases 4 See also 5 References 6 Further readingDetails editCommonly mules are recruited with job advertisements for payment processing agents money transfer agents local processors and other similar titles the real benefit to the criminals is not the work carried out by the mule but that the criminals are distanced from the risky visible transfer Some money mules are recruited by an attractive member of the opposite sex After deducting a relatively small payment for themselves candidates are asked to accept funds and to forward them to a third party via remote work Legitimate companies use escrow services for this kind of work 2 Mules recruited online are typically used to transfer the proceeds from online fraud such as phishing scams malware scams or scams 3 that operate around auction sites like eBay After money or merchandise has been stolen the criminal employs a mule to transfer the money or goods hiding the criminal s true identity and location from the victim of the crime and the authorities 4 By using instant payment mechanisms such as Western Union the mule allows the thief to transform a reversible and traceable transaction into an irreversible and untraceable one 5 If an innocent third party s bank details have been compromised they can be used as a mule without their knowledge something sometimes called Cuckoo smurfing 1 Criminals trading in stolen or illegally acquired goods use similar tactics to recruit mules who receive packages and forward them to mail drops not traceable to the criminal 6 Bitcoin ATMs were reported by Brian Krebs in 2016 to be rising in popularity for money muling 7 Penalties editMoney mules are complicit and risk criminal prosecution 8 and long jail sentences Cases editIn 2010 The FBI Cyber Crimes Task Force composed of Federal State and Local law enforcement charged more than 37 defendants involved in a highly organized money mule scheme facilitated by the Zeus Financial Trojan This group of money mules opened several bank accounts using both real and fake identification to receive stolen funds from compromised bank accounts withdraw the stolen money then wire the stolen funds overseas These money mules facilitated the theft of over 3 million from victim bank accounts 9 See also editAdvance fee scam Money laundering Mule smuggling Parcel mule scam StrawpersonReferences edit a b Cooper Luke 3 August 2007 This Is The Unusual Money Laundering Method Of Cuckoo Smurfing Huffington Post Retrieved 17 April 2019 Fake Job Offers ThatsNonsense com Tehrani Rich June 23 2016 FBI Beware New Email Scam banksafeonline org Bank Safe Online Retrieved 2010 03 05 Is everything we know about password stealing wrong PDF Retrieved 2015 03 14 ThatsNonsense com Reshipping Scams Retrieved 2010 03 05 Brian Krebs September 29 2016 Money Mule Gangs Turn to Bitcoin ATMs Krebs on Security blog Lloyds TSB Money Mule Retrieved 2010 03 05 Manhattan U S Attorney Charges 37 Defendants Retrieved 2017 02 24 Further reading editLeukfeldt Rutger Jansen Jurjen 2015 Criminal Cyber Networks and Money Mules PDF International Journal of Cyber Criminology 9 2 Retrieved 2017 02 24 Retrieved from https en wikipedia org w index php title Money mule amp oldid 1128233184, wikipedia, wiki, book, books, library,
