Posts Tagged ‘mule’

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5 men caught smuggling $6m for ISIS

September 24, 2015

The $6 million is only the tip of the iceberg.  According to South African law enforcement, one of the men made the same trip every couple days.  But even if it were only $6 million, that is a big amount of cash to smuggle anywhere.  It’s surprising they could even squeeze that much money into 12 bags they were reportedly carrying.  (Maybe it was vacuum packed?)  No wonder why this report says there was inside help.  From Fox News on Sept. 21 (h/t @AllSourceFusion):

Five men nabbed last month about to board a flight at South Africa’s busiest airport with $6 million stuffed in bags may have made hundreds of such trips — with inside help — as part of a cash pipeline to fund the Islamic State, police sources said Monday.

The suspected couriers were caught at Johannesburg’s main airport, OR Tambo, on Aug. 28, but news the money was headed for the terror network only emerged late Sunday. A senior police officer told Fox News Monday the suspects are believed to have been headed for the ISIS caliphate in Syria and Iraq by way of Dubai, and that one may have made the same trek hundreds of times.

“It is very likely that the money was going to ISIS,” the police officer said. “We are investigating who these five carrying the money were, and there is one … we are particularly interested in, as records show he was flying to Dubai every two days for a year”…

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Term of the week: money mule

May 20, 2015

Money mules are often used to surfeit money or goods on behalf of third parties. The technique is used by a variety of criminals including terrorists, who use the method to transfer money to each other to finance operations. One book defines a money mule as:

A person who transfers money and/or reships valuable, fraudulently-obtained goods. The money mule is often an innocent person who is misled into acting as a go-between in a scam. The instigator is usually a criminal who operates with impunity from another country.

SecurityIntelligence.com reviewed common money mule schemes in an article last fall covering work-from-home, secret shopper, lottery and inheritance schemes:

Money mules are significant in the process of cashing out compromised financial accounts. A money mule is a person who receives and transfers illegally acquired money on behalf of others. Unknowing mules are likely recruited through online job advertisements and spam email. Job titles may include, but are not limited to, “mystery shopper,” “payment processing agent” or “money transfer agent.”

They also may be recruited through romance and lottery scams. Unknowing mules are vulnerable adults who are often older, lonely and potentially financially strapped. Fraudsters will start relationships with these individuals through online dating sites, social networking sites and/or job advertisement sites. The fraudster, acting as a predator, will attempt to cultivate a relationship with the victim based on lies.

Schemes that target unknowing participants are typically focused on employment and relationship scams. At some point, the victims of these schemes (particularly the employment scams) may become knowing, or at least half-suspecting, mules. They realize that they may be part of an illicit scheme but will continue to try to make money because of personal circumstances.

Read the rest of the SecurityIntelligence.com article here.

* Woodward, Jeannette, What Every Librarian Should Know about Electronic Privacy (Westport, CT: Libraries Unlimited, 2007).