Be Cautious of Money Mule Schemes

At Hancock County Savings Bank we take your financial safety seriously. It is our goal to do all that we can as your trusted community bank to bring awareness to schemes and scams that can put you and your family in danger.

It has come to our attention that the FBI is joining with law enforcement partners worldwide to raise awareness of “money mule” schemes, which are fueling the growth of crimes across the globe. A money mule is someone who transfers or moves money for someone else. The money is illegally acquired through criminal action. In most cases these money mules do not even know they are helping these criminals profit. In most cases they think they are just doing them a favor. Below are some signs that you or someone you know may have been targeted as a money mule:

  • You receive an unsolicited email or contact over social media promising easy money for little to no effort. 

  • You are asked to open a bank account in your own name to receive and transfer money. 

  • You are asked to receive funds in your bank account and then transfer funds via a wire transfer or electronic payment system.

  • You are offered a lucrative job, but the “employer” you communicate with uses web-based email (such as Gmail, Yahoo, Hotmail, or Outlook). 

  • Your online companion, whom you have never met in person, asks you to receive money and then forward the funds to someone you do not know. 

If you think this could be you or that these tips point to someone you know please contact your local law enforcement agency to report it.


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