Money Mule Scam (Card Fraud & Recruitment Scams)

Fraudsters are recruiting individuals to open accounts at financial institutions. This particular recruitment scam is primarily focused on the recruits obtaining a card and PIN after the account is opened, which is turned over to the fraud ring to use for fraudulent purposes. Existing account holders are also recruited and paid by the fraud rings for allowing the rings the use of their cards and PINs, or check information, for transactions that the account holders later claim as unauthorized. Since the account holder is paid by the fraud ring to allow the use of their cards and PINs, the account holder is implicated in the scheme and will be held criminally and financially liable. This type of fraud is referred to as the money mule scam.



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