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The scammers typically recruit fall guys to open accounts to receive the funds by offering them some small portion of the take. Along with a story about it bei
by tyingq 5y ago
The scammers typically recruit fall guys to open accounts to receive the funds by offering them some small portion of the take. Along with a story about it being a favor , like "I'm from outside the country and don't have a bank account to receive my recent inheritance, etc".
With perhaps some intermediate transfers to other fall guys if it's a large amount.
The funds are withdrawn in sub $10k chunks by the fall guys in cash as they arrive and the larger portion handed over to the scammer.
- angry_octet 5y agoThese people are usually called mules or money mules, inheriting the name from drugs smuggled on an individual courier. Usually they are tricked into immediately depositing the cash into an array of destination accounts; this part is called smurfing. Sometimes they are told to buy physical goods and have them shipped, usually to a third country. Cuckoo smurfing is a clever variant where the mules think they are receiving a legitimate payment, e.g. an inheritance, and they have to pay some beneficiaries, or they think they are shipping agents, doing drop shipping, and they have to pay their suppliers. People are gullible.
- formerkrogemp 5y agoIt happens across multiple chains of "fall guys" accounts making reversing very difficult.