Criminal gangs are targeting cash-strapped students and making them their “money mules” by paying them to hide their dirty money. Young people in the West Midlands are being warned to be on their guard against anyone who approaches them online and asks to transfer cash – as it could make them guilty of money laundering.
Experts say an increasing number of students have been targeted by crooks, mostly through social media, looking to hide their ill-gotten gains. The arrangement involves criminals transferring cash to impressionable students so they can hide it for them, for a fee.
Often these teenagers and adults will have no idea that by agreeing they are committing a serious crime. And, with more students struggling to make ends meet during the cost of living crisis, there are fears more are now at risk.
Categories: TIOB News