WASHINGTON—Several government entities have e announced the completion of a three-month campaign that disrupted networks used by foreign fraudsters to obtain fraud proceeds.
The organizations involved included the Justice Department, FBI, U.S. Postal Inspection Service and other federal law enforcement agencies Finextra reported.
“Multiple law enforcement actions addressed conduct by individuals sometimes referred to as ‘money mules,’ who have been providing critical services to fraudsters by receiving money from fraud victims and forwarding the fraud proceeds to the perpetrators (many of whom are based overseas),” Finextra reported “Some individuals knew they were facilitating fraud, while others first interacted with fraudsters as victims and may have been unaware that their activity furthered criminal activity.”
More Than 4,000 Actions Taken
Over the last three months, U.S. law enforcement agencies reported they collective took more than 4,000 actions against individuals responsible for facilitating a range of fraud schemers, including schemes, including that lottery fraud and romance scams, as well as those that targeted businesses or pandemic funds.
“The thousands of actions taken by law enforcement — which ranged from criminal prosecutions to civil actions, to warning letters — were designed to punish those who knowingly assisted fraudsters and to advise those who may have been unknowingly helping fraudsters that their conduct furthered crime,” Finextra said. “These actions are intended to deter overseas fraudsters from relying on U.S.-based individuals to facilitate schemes and thereby reduce the harm caused by foreign fraud operations.”
The early 2022 initiative effort marked the fifth U.S. law enforcement campaign disrupting these money transmitting networks, according the report.
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