Part of the network identity thieves use to profit from the theft of your personal data is a network of “Money Mules” - unsuspecting people who respond to adds promising that they can “work at home” a few hours per week, use their home to receive and send packages and use their bank account to cash checks for people who for some unexplained reason want to use some stranger in the US to cash a check because a bank won’t?

These people cash the check, keep a 10% processing fee, send the balance to another address and think they’re making fast, easy money.

Then the check bounces and they’ve lost not only their “fee” but the whole amount.

They will end up needing credit repair themselves, but in the mean time they are facilitating the enterprise of Identity Theft.

More posts on Identity Theft.

Read the article that inspired this post at “Money Mules” A Cog In Cybercrime Underground and Identity Theft

This entry was posted on Saturday, September 1st, 2007 at 8:30 am and is filed under Identity Theft, News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.