CFTC Warns Public of ‘Money Mule’ Scams Involving Crypto Disguised As Work-From-Home Opportunities

CFTC Warns Public of ‘Money Mule’ Scams Involving Crypto Disguised As Work-From-Home Opportunities


Students and job seekers should be wary of a specific type of crypto scam falsely promising work-from-home opportunities, warns the Commodity Futures Trading Commission (CFTC).

“Money mule” scams involve criminals tricking people into sending and receiving money into their bank accounts, digital wallets, or spot-market crypto trading accounts as part of their supposed job responsibilities.

Melanie Devoe, director of the CFTC’s Office of Customer Education and Outreach (OCEO), warns that even unwitting participants in money laundering can be charged criminally.

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“Young people looking for summer jobs may be just looking for part-time income and could be attracted to offers that require being online a few hours a day. Unfortunately, they could become unwitting accomplices to money laundering or what the criminals call ‘money mules,’ and

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