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FBI Says ‘Money Mule’ Scams Now Top $100 Million
- shrike 17y agoI am amazed. Let's ignore the whole against the law aspect to this enterprise and look at the business. A bunch of things have to happen to make this work even once - 1) Advertise for "work at home" workers. 2) Acquire those workers, process test transactions, get the worker comfortable. 3) Write and execute some code to acquire the victims bank account info. 4) Execute a transfer from the victim to the worker. 5) DOS the victims bank to prevent the transfer from being reversed!!! (I'm speechless) 6) Make sure the worker transfers the funds. 7) Profit! A lot of us run businesses with less complex work flow. Whoever is running this scam is doing it from another country, avoiding the U.S. Government, working with people who have never met each other, they have to remain anonymous, and keep track of a massive amount of information. I'm not saying it's OK, but is is logistically impressive.
- wmf 17y agoI guess the profit margin on each transaction is so high that the criminals can afford to lose a lot of them.
- neilk 17y agoI know what you mean. Compared to the lax and bogus security at many financial institutions, and the credulity of the victims, I almost sympathize with the crooks. Almost. If they were ripping off casino billionaires by means of ingenious gadgets, it would be one thing, but these guys are taking the life savings of marginally employed people.