Money mules—who are they and what do they do

Answered by:

Question:

Our customer gave his account number to a cousin and the cousin had $250,000 of unemployment come in and out of the account? Will our customer go to jail?

Answer:

As a financial institution we report suspicious activity and then it is up to law enforcement to follow up. We don’t decide who goes to jail. Chances are the law enforcement community will be interested in the cousin. Your account holder may be an unwitting mule.

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