December 5, 2021
The Department of Justice and other federal agencies announced an initiative to combat money mule scams. A money mule is someone who receives and moves money that came from victims of fraud. Some money mules know they are assisting with criminal activity, but others are unaware that their actions are helping fraudsters.
The CFPB created two new resources to help people recognize and avoid money mule scams:
If you think you’ve been involved in a money mule scam, tell your financial institution, file a report with your local law enforcement office, and report the scam at reportfraud.ftc.gov.
For more information, please visit the Department of Justice’s Money Mule Initiative web page.