FDIC Issue Money Mule Warning


Special Alerts


 

SA-185-2009
October 29, 2009
TO: CHIEF EXECUTIVE OFFICER (also of interest to BSA Compliance and Security Officer)
SUBJECT: Fraudulent Work-at-Home Funds Transfer Agent Schemes
Summary: Individuals are using deposit accounts to receive unauthorized electronic funds transfers and forward funds overseas to criminals.

The Federal Deposit Insurance Corporation (FDIC) is warning financial institutions of an increase in schemes to recruit individuals to receive and transmit unauthorized electronic funds transfers (EFTs) from deposit accounts to individuals overseas. These funds transfer agents, often referred to as “money mules,” are typically solicited on the Internet by criminals who have gained unauthorized access to the online deposit account of a business or consumer. In a typical scenario, the criminal will originate unauthorized EFTs from a victim’s account to a money mule’s deposit account. The money mule is then instructed to quickly withdraw the funds and wire them overseas after deducting a “commission” (commonly eight to ten percent).

Criminals target online deposit accounts at institutions where business customers can originate EFTs, such as automated clearing house (ACH) and wire transfers, over the Internet. Money mules, however, can be customers at any depository institution where EFTs can be received and funds withdrawn. In some cases, the money mule may be an unknowing accomplice in a fraud scheme. Because EFTs are often made immediately available by the receiving institution, funds may be removed and wire transferred overseas before the fraud is detected. Refer to SA-147-2009 http://www.fdic.gov/news/news/specialalert/2009/sa09147.html for more information on fraudulent EFT schemes.

Money mule schemes can take many different forms, but most involve receiving unauthorized EFTs into a deposit account and then withdrawing the funds or forwarding them on to another party via another EFT. The following are common scenarios:

  • Online job posting Web sites are used by criminals to locate individuals seeking employment with flexible work hours that can be performed from home. These work-at-home schemes often involve written employment contracts, job descriptions and procedures to legitimize the scam.
  • Advance fee scams promising large monetary rewards for acting as a financial intermediary can entice individuals to participate in this activity.
  • Mystery shopping jobs may be used that require the employee to assess the performance of money service businesses by completing EFTs and then evaluating the service using customer satisfaction forms.
  • Social networking sites may be used to recruit individuals to act as money mules. Criminals conjure up various imaginative stories to befriend and persuade individuals to receive and forward stolen funds.
  • Some hesitant or skeptical money mules have been intimidated, harassed and threatened by their criminal “employers” to process the funds transfers quickly and with secrecy.
  • The personal identifiable information provided by the money mule might later be used to commit identity theft or account takeover.

The following are examples of events that may indicate money mule account activity:

  • A deposit account opened with a minimal deposit soon followed by large EFT deposits.
  • Deposit customers who suddenly begin receiving and sending EFTs related to new employment, investments, business opportunities or acquaintances (especially opportunities found on the Internet).
  • A newly opened deposit account with an unusual amount of activity, such as account inquiries, or a large dollar amount or high number of incoming EFTs.
  • An account that receives incoming EFTs then shortly afterward originates outgoing wire transfers or cash withdrawals approximately eight to ten percent less than the incoming EFTs.
  • A foreign exchange student with a J-1 Visa and fraudulent passport opening a student account with a high volume of incoming/outgoing EFT activity.

Money mule activity is essentially electronic money laundering addressed by the Bank Secrecy Act and Anti-Money Laundering Regulations. Strong customer identification, customer due diligence, and high-risk account monitoring procedures are essential for detecting suspicious activity, including money mule accounts. Financial institutions can find additional guidance about customer identification, account monitoring, suspicious activity reporting, and identity theft red flags below:

FDIC Risk Management Manual of Examination Policies – Bank Secrecy Act
www.ffiec.gov/bsa_aml_infobase/documents/FDIC_DOCs/BSA_Manual.pdf;

FFIEC Bank Secrecy Act/Anti-Money Laundering Examination Manual
www.ffiec.gov/bsa_aml_infobase/default.htm and

FFIEC Identity Theft Red Flags – Interagency Final Regulations and Guidelines
www.fdic.gov/news/news/financial/2007/fil07100.pdf

Financial institutions should act promptly when they believe fraudulent or improper activities have occurred, such as those of a money mule. Appropriate actions may include, but are not limited to, filing a Suspicious Activity Report and/or closing the deposit account in accordance with existing, board-approved account closure policies and procedures.

Cyber-fraud incidents and other fraudulent activity may be forwarded to the FDIC’s Cyber-Fraud and Financial Crimes Section, 550 17th Street, N.W., Room F-4004, Washington, D.C. 20429, or transmitted electronically to alert@fdic.gov. Questions related to federal deposit insurance or consumer issues should be submitted to the FDIC using an online form that can be accessed at http://www2.fdic.gov/starsmail/index.asp.

For your reference, FDIC Special Alerts may be accessed from the FDIC’s website at http://www.fdic.gov/news/news/specialalert/2009/index.html. To automatically receive FDIC Special Alerts through e-mail, please visit www.fdic.gov/about/subscriptions/index.html.

Sandra L. Thompson
Director
Division of Supervision and Consumer Protection

Distribution: FDIC-Supervised Banks (Commercial and Savings)

Note: Paper copies of FDIC Special Alerts may be obtained through the FDIC’s Public Information Center, 1-877-275-3342 or 703-562-2200.

 

Last Updated 10/29/2009



money mule warning

Colorado Regulators Sued HEI Resources Inc.

According to the Denverpost.com, Colorado regulators have sued HEI Resources Inc. and three related companies, a powerful law firm and 10 individuals including Kinlaw and Cagle in July, accusing them of selling or assisting in the sale of illegal securities through high-pressure tactics and misrepresentation.

200 alleged victims

State officials say HEI Resources Inc. and other companies associated with Joe Kinlaw and Charles Reed Cagle raised more than $300 million from investors in a 12-year period by using high-pressure tactics and misrepresentation to push illegal securities, The Denver Post reported Sunday.

State officials allege HEI sales agents operated in “boiler rooms” in Colorado Springs, Englewood and Greenwood Village, Colo., telling prospective clients about previous successes and promising returns on investment of 200 percent or more, the newspaper said.

HEI denies the claim and has countersued the state.

“Everybody knows oil and gas is a risky investment,” Bill Mateja, an attorney representing HEI owner Gulf Coast Western told the Post. “Why would these companies go to all this expense to intentionally drill dry wells?”

Source: Denverpost.com and UPI.ocm

Colorado Department of Regulatory Agencies

Administrative Clerk – moonbeam-logistics.com/careers – Data Entry position

The Purpose of This Post Is To ALERT You That The Job You Are About To APPLY For or May Have Applied For or is CONSIDERING APPLYING For Is Scam Alert 1Fraudulent. A LEGITIMATE COMPANY IDENTITY OR AN INDIVIDUAL IDENTITY HAS BEEN STOLEN OR A BOGUS ONE CREATED

These job postings are an attempt to lure you into cashing counterfeit checks and have you wire funds via Western Union or MoneyGram -Essentially You Become A Money or Repackage Mule

Money Mule Explained

Read All About This at Symantec Corp.

Washingtonpost.com by Brian Kerbs

_____________________________________

moonbeem logistics

Now Hiring Management Positions

Date: 2009-10-05, 9:24PM EDT
Reply to: see below

Moonbeam Logistics, Inc. a rapidly-growing, Sweden-based freight shipping company, seeks a polished, dynamic, flexible, detail-oriented and highly-organized professionals to handle a variety of accounting, business operations and office management duties. The Company is a leading provider of next generation freight forwarding and shipping services that help organizations discover insights, patterns and relationships hidden in their needs.

 

Job responsibilities will include:
o General and operational accounting
o Basic financial and management reporting
o Office management in a home-based office environment
o Managing Company contracts and customer files
o Other special projects as directed by the CXOs of the Company

The ideal candidate will be highly professional, will have a strong customer service orientation, and will possess outgoing, friendly personality. Additionally, he/she will have a history of success in rapidly-changing, dynamic environments.

Additional requirements:
o US Citizenship
o Strong skills in Excel, Word and other Microsoft Office Products
o Office management and sales & marketing experience
o Customer interface experience, preferably in support role

We offer competitive market salaries, outstanding benefits and an entrepreneurial and team-oriented working environment. For the right person, this will be a very exciting, ground-floor opportunity. Please submit qualified applications to: http://www2.moonbeam-logistics.com/careers/open/?id=1698

  • Compensation: $20/Hr, 8-15 hours per week
  • Principals only. Recruiters, please don’t contact this job poster.
  • Phone calls about this job are ok.
  • Please do not contact job poster about other services, products or commercial interests.

PostingID: 1408219299

moonlogisticsmoonlogistics2

PERSONAL REPRESENTATIVE NEEDED at lemmes group ltd

The Purpose of This Post Is To ALERT You That The Job You Are About To APPLY For or May Have Applied For or is CONSIDERING APPLYING For Is Scam Alert 1Fraudulent. A LEGITIMATE COMPANY IDENTITY OR AN INDIVIDUAL IDENTITY HAS BEEN STOLEN OR A BOGUS ONE CREATED

These job postings are an attempt to lure you into cashing counterfeit checks and have you wire funds via Western Union or MoneyGram -Essentially You Become A Money or RePackage Mule

Money Mule Explained

Washingtonpost.com by Brian Kerbs



Type: Part-time
Experience: Entry level
Functions: Administrative
Industries: Civil Engineering
Posted: November 1, 2009
Compensation: $3,000 – $4,500 Per Month

Job Description

I’m looking for a Professional Representative that is:

* Very sharp and a quick learner
* A go-getter and non quitter
* Strong minded with great communication skills
* Long term friend thats interested in learning from my skills and experience.
* Excellent time management skills * Excellent communications skills
* Handle all basic department communications such as mailing of invitations, cards, letters, etc

Skills

I’m looking for a Professional Representative that is:

* Very sharp and a quick learner
* A go-getter and non quitter
* Strong minded with great communication skills
* Long term friend thats interested in learning from my skills and experience.
* Excellent time management skills * Excellent communications skills
* Handle all basic department communications such as mailing of invitations, cards, letters, etc

Company Description

Lemmens crane system is an European and African Invented Company,but has aStandardized branch here in Singapore .We Buy, Produce and DistributeConstructing materials such as Crawler Cranes, Mechanical Crane and MarineEquipment Worldwide, you can check out our European branch website(www.lemmens-group.com ).

We have reached big sales volume of Constructing Materials in Europe,Africa andthe United Kingdom and now are trying to penetrate the USA/Canada market. Quite soon we will open representative offices or authorized sales centers in the USA/Canada and therefore we are currently looking for people who will assist usin establishing a new distribution! Network there. The fact is that despite theUSA/Canada market is new for us we already have regular clients also speaks foritself.

Job ID: 776002

lemme

Canadian Health & Care Mall – www.canadianhealthcaremall.net

Buying Prescription Drugs Online May Be Dangerous Says
Drug Enforcement Administration
Scam Alert 1

DEA Logo - Buying Proscription Drugs

National Association of Boards of Pharmacy (NABP)
Warning

“The Canadian Pharmacy, Canadian/European Pharmacy”, “Canadian Healthcare” and “US Drugstore” are brands of one of the most disgusting illegal online pharmacy group well organized CRIMINAL OPERATION of all times. “GREED” is the driving force behind this operation. Don’t let them fool you. They will never send you any genuine drugs. If they ever send anything at all, it may consist of literally anything from sugar to wall plaster, and they certainly don’t care that you will endanger your health by taking those dangerous counterfeit drugs.

Who's Behind Online Pharmacy 

Today a shadowy, transnational network of illicit drug manufacturers, traders, doctors, Web site operators, spammers and criminals makes up the online pharmacy world.

Buying Medication Online Can Be Safe

There are many options out there when it comes to buying medication online. We have looked at websites after websites. Some sites feature offshore pharmacies that do not require a prior prescription. Others feature licensed pharmacies that do require a prescription from your doctor.
Before making a purchase that can effect your health, we strongly recommend that you consult your physician & DO NOT self-medicate. Ordering medication online can be a safe, money-saving experience. When done through licensed online pharmacies that require a prescription, you can be assured that the medication you get is exactly what you need to treat your ailments.


canadian healt & care mall

Canadian Health Care Mall, Canadian Health Care Mall Package marking ensures interception by U.S. Customs/Homeland security Internet

Canadian Health Care Mall
www.mycanadianorder.net
Internet – Nationwide

Products ordered were packed in envelope marked Medications not for sale on the outside. Clearly suspect to the U.S. Customs/Homeland security as well as the DEA.

First shipment encountered a “problem” so it was re-shipped. Do NOT order from this company as you will probably end up on a watch list.

Beak
Phoenix, Arizona
U.S.A.

Learn more about our reviewer system.

Rating: Phishing or other scams

Fraud alert! Evidence is posted for law enforcement purposes at
http://spamtrackers.eu/wiki/index.php?title=Fake_bulker.biz/yambo_whois
That link gives you pointers to more evidence for each fake pharmacy fraud.

Typical fake pharmacy scams are My Canadian Pharmacy, Canadian Health&Care Mall, US Drugs etc
Please do not fall into the trap of thinking you will get cheap pharmacy meds from these criminals.
You wouldn’t give a thug your name address and credit card in the street. Don’t make the same mistake on the Internet.

Here is a snapshot of just a few of the thousands of sites that illustrate the situation Illegal site // Illegal brand // Crime sponsoring registrar

  1. www.ptyfqunhuyxr.com // My_Canadian_Pharmacy // NEW DREAM NETWORK, LLC
  2. www.ptynuple.com // My_Canadian_Pharmacy // 1 & 1 INTERNET AG
  3. www.puanikall.com // My_Canadian_Pharmacy // 1 & 1 INTERNET AG
  4. www.pupiletcript.com // My_Canadian_Pharmacy // MESH DIGITAL LIMITED
  5. www.purgiojo.com // US_Drugs // INTERDOMAIN, S.A.
  6. www.purgiojo.net // US_Drugs // GLOBEDOM DATENKOMMUNIKATIONS GMBH
  7. www.pyhzywryx.com // US_Drugs // REGISTER.COM, INC.
  8. www.pyxmaocpo.com // US_Drugs // REG2C.COM, INC.
  9. www.qoltiaff.com // My_Canadian_Pharmacy // DOOTALL, INC.
  10. www.qoltiaff.net // Canadian_Health%26Care_Mall // DINAHOSTING SL
  11. www.qubcicvowy.net // My_Canadian_Pharmacy // ONLINE SAS
  12. www.qugbyxqe.com // Canadian_Health%26Care_Mall // 1 & 1 INTERNET AG
  13. www.qugbyxqe.net // US_Drugs // SW HOSTING & COMMUNICATIONS TECHNOLOGIES, S.L.
  14. www.quimikedog.net // My_Canadian_Pharmacy // 1 & 1 INTERNET AG
  15. www.qukuzpajo.net // My_Canadian_Pharmacy // ENOM, INC.

Source: McAfee SiteAdvisor

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  199. Uideharmoniousalley.com
  200. Welove-supersale.com
  201. http://www.rxpharmacy-support.com

canadian health and care mall shipping problems