Your mate: "Can I put some money in your account for a few days so it doesn't go into my overdraft?"
You: "Sure, no problem."
... few days later ...
Your mate: "Can you pay that money to my mum's account?"
It all sounds very normal doesn't it? Read on (thread).
You: "Sure, no problem."
... few days later ...
Your mate: "Can you pay that money to my mum's account?"
It all sounds very normal doesn't it? Read on (thread).
We're not saying that your mate is trying to scam you, but they might be being scammed themselves and innocently implicating you. Moving money around like this is called money laundering. #MoneyLaundering
Money laundering is a criminal activity and even if you didn't know what was going on, you will face the consequences if caught. Educate yourself and don't become a money mule. #MoneyMules
To learn more about money laundering and money mules, check out these sites - moneywise.co.uk/news/2019-09-0… and thisismoney.co.uk/money/beatthes…
We've been talking to students all term about lots of money-related issues and we are hearing more and more stories of money mule or money laundering activities. Educate yourself. #DontBeFooled
@threadreaderapp Please unroll.
