Building a Digital Defense Against Elder Fraud (Part 2, Money Mules) — FBI | #romancescams


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June is Elder Abuse Awareness Month. For more information, go to https://www.fbi.gov/scams-and-safety/common-scams-and-crimes/elder-fraud. Our series of “Tech Tuesday” reports this month will cover a variety of scams that seniors often face.

Welcome to the Oregon FBI’s Tech Tuesday segment. This week: building a digital?defense against money mule frauds targeting senior citizens.?

When a criminal wants to add layers of protection between a victim and himself, he will use a money mule.?A?money mule is a person who?acts as a?middle-man—either knowingly or unknowingly transferring?illegally-acquired?money on behalf of or at the direction of another.?The mule makes it easier for the criminal to?mask his identity,?move money out of the U.S., and evade scrutiny by banks.?The scam can work a couple of different ways:?

In one variation, a scam artist targets a senior with any one of a thousand frauds. When the victim sends the money, he?actually sends?it to the money mule?who?then transfers the funds?to the criminal. The victim?definitely loses?money in this scenario.?

In another variation, the victim?is?the money mule.?In most cases, seniors targeted in this way don’t know that they are involved in a larger criminal scheme. In this scenario, other victims?send?the senior citizen funds, which he then transfers to?someone he thinks is a?love interest or business partner. In this case, the mule himself may or may not lose money.?

Seniors are particularly vulnerable to money mule scams because they tend to be more trusting; may be lonely or spend a great deal of time alone, or have diminished physical or mental capacity.??

Here’s how you?can protect yourself and your family members:?

  • Don’t agree to set up a bank account for someone you don’t know and trust.?
  • Don’t?give out?your own?bank account information or?use your own?account to transfer money for other people. No legitimate business will ask you to do this.?
  • Don’t respond to unsolicited emails, texts, calls, or social media messages offering easy money.?
  • Be wary of an employer or love interest?who?asks you to transfer money and offers you the opportunity to keep a portion for yourself.?
  • Be suspicious of any online romance in which your new love asks for money or asks for help moving money.?

?If you have been victimized by an online scam, report your suspicious contacts to the FBI. You can file an online report at the FBI’s Internet Crime Complaint Center at?www.ic3.gov?or call your FBI local office.



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