Discover and read the best of Twitter Threads about #DontBeAMule
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Fraudsters are creative. While many of you are teleworking, #scammers are working to steal your money and to trick you into helping them commit crimes. From cryptocurrency scams to work-from-home scams, the #FBI has tips on how to spot fraud. #COVID19ScamChat
Cryptocurrency #Scams: Has someone asked you to make a payment with virtual currency? While there are legitimate charities, investment platforms, and e-commerce sites that accept payment in cryptocurrency, beware of pressure to pay with virtual currency. ow.ly/hWCb50zlK0A 
Investment Scams: If individuals offer you opportunities to invest in cures or treatments for #COVID19, they are likely trying to trap you in investment scams. The purpose of these get-rich-quick schemes is simply to defraud the investor.
Aaron Cole, like many people, skimmed over a few messages in the mass of paperwork that accompanies the process of buying and selling a home. Little did he know, criminals were hiding a scam in the details. #DontBeAMule ow.ly/eZdN50xysHY
After selling their home, the Coles received an email from what appeared to be the title company & sent the down payment on their new home to the account number in the email. Days later, the title company called to wire the down payment. A rep quickly realized what had happened.
The Coles had been the victims of a business email compromise scam. A criminal spoofed the title company’s email & sent fake wire instructions. Then, a money mule received the funds & funneled the payment to four other banks. Within days, the money would be out of the country.
