moneygram

September 29, 2016

‘Money Mule’ Gangs Turn to Bitcoin ATMs

This post was originally published on this siteFraudsters who hack corporate bank accounts typically launder stolen funds by making deposits from the hacked company into accounts owned by “money mules,” willing or unwitting dupes recruited through work-at-home job scams. The mules usually are then asked to withdraw the funds in cash and wire the money to the scammers. Increasingly, however, the mules are being instructed to remit the stolen money via Bitcoin ATMs. [embedded content] I recently heard from a reader in Canada who said she’d recently accepted a job as a customer service officer for a company called LunarBay. This company […]
November 20, 2017

Fund Targets Victims Scammed Via Western Union

This post was originally published on this siteIf you, a friend or loved one lost money in a scam involving Western Union, some or all of those funds may be recoverable thanks to a more than half-billion dollar program set up by the U.S. Federal Trade Commission. In January 2017, Englewood, Colo.-based Western Union settled a case with the FTC and the Department of Justice wherein it admitted to multiple criminal violations, including willfully failing to maintain an effective anti-money laundering program and aiding and abetting wire fraud. As part of the settlement, the global money transfer business agreed to […]