Latest News / Stay Alert of Money Mule Scams
Stay Alert of Money Mule Scams
July 23, 2020
Money mule scams are growing more complex and frequent, and the Federal Trade Commission wants consumers to stay alert and protect themselves from falling victim to them. Money mule scams occur in several different ways, and are used by criminals to move stolen money. If you find yourself exposed to or caught in a potential money mule or money transfer scam, stop transferring money. Notify the bank, the wire transfer service, or any gift card companies involved.
From there, it is recommended to report it to the FTC at ftc.gov/complaint.