Don’t be fooled by offers of quick cash.
Criminals who run Money Mules scams often pose as employers offering genuine employment, sometimes via job ads and sometimes via a personal approach. If you are offered payment to receive money into your bank account and then to transfer it to another account and you agree to do this, then you are a Money Mule. Money Mules are effectively money launderers and money laundering carries a sentence of up to fourteen years imprisonment.
Not realising that you are a Money Mule and that money laundering is a crime is never accepted as an excuse – you could still face prosecution by the police. This is what will happen when you are caught:
- Your bank account will be closed
- It will be difficult to access further student loans
- It will be difficult to get a phone contract
- You will have problems applying for credit
- You could face a prison sentence of up to fourteen years
Never be fooled by offers of quick cash. Once you become a Money Mule, it can be difficult to stop. You could be attacked or threatened with violence if you don’t continue to allow your account to be used by criminals.