Friday, October 10, 2014

“Credit Mules” Lined Up for Latest Phone Scam

Cash-strapped people, including students, other financially disadvantaged and homeless people, are falling victim to a new cell phone scam known as credit muling.

A few weeks back, in New Student Scams Exploit Need for Cash, we wrote about how students were being lured into selling their debit or credit cards to crooks and then reporting them as stolen so they don’t get lumbered with the bill when the cards are used for fraud.

The latest variation uses cell phones as the fraudulent cash generator.

Click here to read the full article.

©Copyright Audri and Jim Lanford. All rights reserved.
Reprinted with permission.
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