Money mule scam

[AVE5]

It is all pointing at greed, this type of scam like almost every other scam won't work if you aren't greedy.
Only greedy won't make you think critically that why can they just have their own wallet or account rather than needing yours. Greedy will block out your logical reasoning and only present to you the amount of money you can possibly make out of the deal.

Greeds sometimes can actually nurture our ignorance and then get us lost out of logical sensitivities.
So we only focuses on the profits to gain from it while ignorant to the potential risks involved and when it comes unfortunate to us, even that profit made don't be enough to solve the problem that our greeds has lead us to.
So in the case of Op's content of we find ourselves in the position werebthe scammers sends the money to our accounts and request it's sent back to them, kindly deny you did not receive such money and ask them to come in person so that you both can go to the bank in request of statement of account where you can track your accounts transactions.
If the sender is genuine, he'll follow you to the bank but if not, excuses will come. What you've to do is to guide yourself of false claims against you by reporting to the police. But the greeds will take the moment to be an elevating opportunity for them.

[GiftedMAN]

For safety, never share your wallet address or bank details with anyone, even a friend, for money that you can't verify how they obtained. No matter the percentage that will be given to you, this might be a trap that could lead you to financial fraud.

A lot of things are happening in the crypto space and scammers are trying so hard to ensure they stay relevant so that they will not be kicked out completely from doing their scamming. Sharing your wallet address to an unknown person is dangerous as it can lead any one to jail if it is used to commit financial fraud, but on the issues of bank details how do you escape becoming a victim if you discovered that you got credited by an unknown person and you are requested to return the money by the person which you did.

[CryptSafe]

This is amongst the most common methods used by scammers, as you have said, they truly recruit their cronies and lackeys, and sometimes innocent people who have no idea what they are up to, easily fall for it because they are enticed with luxury and a huge amount of money for rewards if they allowed their accounts go be used coupled with those who have no idea about their gimmicks why their accounts are being demanded for.

To be frank with you, this is no different from what our politicians do, they recruit their friends and lackeys to help swindle money for them, and they, in the end, also have their share and cut of the money being embezzled and all these are done through the name of awarding contracts, empowerment funds, skills accusation training funds etc and at the end nothing is accounted for but the only difference is that here we are talking about crypto and that act is illegal but the other is well institutionalised that nobody can say or do anything about it because they end up replacing themselves with their person in power but in crypto, it is quite different.

I have shared a story of a friend whose friend got him into trouble through the purchase of crypto, and his account was used to receive funds for the crypto Unknown to him, it was a planned act by his friend to use him to receive the funds from their victim whole he trades crypto for them and he was used to evade being traced out of trust for his friend he got into trouble when the government agency came for him but he was lucky after much explanations to them and his friend was tracked outside the state and arrested.

We just ought to be more careful about how we share our account details and contacts to people both the ones we know and those we have no knowledge about because you do not know who is out there planning to undo you at any time and also, I notice that some people are just so greedy that when they receive alert from unknown source, they do not bother calling to inquire, they call it miracle money and some quickly withdraw it immediately out of greed and when the repercussion for their act catches up with them, they say it is the devils work and that they were in need of money at that time so they used it immediately without asking question. Wisdom demands that we keep our sensitive information to ourselves and not to do things that would get us into trouble.
 

[GPVibes]

For safety, never share your wallet address or bank details with anyone, even a friend, for money that you can't verify how they obtained. No matter the percentage that will be given to you, this might be a trap that could lead you to financial fraud.

I have also witnessed something like that when someone. Sometimes it goes the other way when someone doesn't want to send money to somebody using their direct account, they rather wants to send such money using your account. And so they prefer to transfer the money from their account to your own account then from your account they send to who they are transferring to. When you notice something like that with promise of high reward, don't fall for it because it is not a genuine transaction. It could be a shady deal somewhere that you don't know and will implicate you.

Now here is what actually happened, the guys that called him defrauded someone and decided to use his opay,how the got the opay account which is his phone number, he didn't know, so they called him with good tune so that he'll send them the money and who knows if he had not called me what would've become of him, may be he would've paid a double or that amount to the person the defrauded and also go in for it, moral lesson, we should be very careful, I think this information should also be shared to our relatives to understand that scam has gotten to another level so that every one will know how to play safe out there.

When we get such suspected fiat, we need to make entry or report to the nearest police station so that we exonerate ourselves of the issue that will come thereafter because certainly someone will come for the money as it must be traced and who will come for it is what we don't know. Playing safe is always a step ahead.

[fredericktaylor]

People cannot make the right decisions due to lack, lack changes the nature of people, this is real, but with the right knowledge and right thinking, people can overcome difficult times. If a person has the thought that I will not earn income through any illegal work, then it is never possible to get illegal work done through him. But if greed works in someone, then it is possible to get any work done through him. however, with the development of technology, the fraud tactics of fraudsters are changing, they are deceiving people in a way that is never possible to imagine but is happening in reality. therefore, it is very important for all of us to be more aware, as the tactics of fraudsters will become sharper with time. greed leads people to destruction, it is not right to do anything due to greed, so it is very important for us to think carefully and understand before doing anything.

[Agbe]

This type of scam has been there for a while now these scammers will make the person that is to send the money believe that the account is a secure and legit account and it it look good and remove any element of suspension from the person that wants to pay the money and even if you later finds out that it's a fraud you can get to real scammer we should be cautious about the type of money that we receives on our bank account because you can land your self into problem not knowing what

[Makus]

I was browsing the Internet to learn about the latest types of scams. The reason for this research is to understand more about scams because we fall victim to scammers due to ignorance and a lack of detailed knowledge about them. As I was going through my findings, I discovered a scam called the Money Mule scam.

The Money Mule scam is a type of scam in which scammers recruit middlemen to receive stollen funds via cryptocurrency or bank account. These middlemen are placed on a payroll or receive a percentage of the funds at the end of the deal.

The reason for this is for the scammer to avoid money laundering charges, for which these middlemen can be held responsible. I came to think about it, and this kind of scam can occur not only online but also within our environment. It is even possible for someone you are familiar with to lure you into such a scam without your knowing it is a scam, all in the name of helping in receiving money.

For safety, never share your wallet address or bank details with anyone, even a friend, for money that you can't verify how they obtained. No matter the percentage that will be given to you, this might be a trap that could lead you to financial fraud.

I just pity those people wey dey do middleman work abi aza man work because if you no dey smart you come dey do if olokpa find you come say dem catch that person na em go collect all the beating plus the charges. Some people go say na hustle but me I see am as one of the most risky things wey any body fit out body do, I even hear say some of these people dem own people wey give dem work seff dey come beat them up even kill some because money die for aza. My own na besay make we just dey very careful with any body wey go come tell you say dem wan use your account receive money make una no gree oo because e fit even be say na scam money dem wan receive and if them track am na straight criminal charge for your side.

[Charles-Tim]

The Money Mule scam is a type of scam in which scammers recruit middlemen to receive stollen funds via cryptocurrency or bank account. These middlemen are placed on a payroll or receive a percentage of the funds at the end of the deal.

Although, I know what this scam is before. It can lead to the victim sent to prison. I have seen some real life cases in Nigeria and also people are advised to avoid it.

Another one which is common are the romance scammers. Sometimes they scammers make use of some of their victims as mules while the victims will not know.

[Sticky Bomb]

In the streets, this is called washing money. Most celebrities that you and I know and high profile influencers engage in this to boost their income, I had a friend who relocated to Lekki axis of Lagos state just to get involved and he spent roughly #19 million for the relocation only. I got the link but declined because I still got some integrity in me and have promised myself to stay away from fraud, I had the funds, but I wished to continue my tech work in clear conscience than go this route and soil my hands.

I would leave the least example: Portable received #50 million in endorsement for Odogwu bitters for only himself. Also Don Jazzy, Alex Ekubbo Okey Bakassi endorsed it at undisclosed amounts, so you may be realistic with me here, how many units of that drink was sold that could recover the money that was used to pay the endorsement of these big artists and the drink has faded out almost immediately. Are you thinking what I'm thinking?