Mule Accounts
- Money mule fraud is a type of financial crime in which cybercriminals use another person’s bank account to transfer or launder illegally obtained money.
- Fraudsters often target students, unemployed individuals, gig workers, or digitally unaware people by offering easy money or commissions in exchange for allowing transactions through their bank accounts.
- In many cases, victims unknowingly become “money mules” by receiving stolen money and forwarding it to other accounts while keeping a small percentage as ....
