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Parcel Mule Scam
The parcel mule scam, also known as the reshipping scam, involves scammers and unsuspecting victims handling goods to other countries. In some ways it is similar to the money mule scam. Scammers use fake advertising to hire mules. Items are bought with stolen cards, and since the goods are typically re-sold once shipped, this scam can be viewed as an indirect form of money laundering. Premise In the parcel mule scam, scammers often attract their victims under the guise of a bogus work-from-home opportunity, although other angles, such as a romance scam may be used to lure victims. Victims begin to receive packages, often with high value contents (such as consumer electronics or designer clothes and shoes) at the address they provided the scammer. The goods in the packages are either fraudulently bought (for example, with a stolen credit card or bank account) or are stolen or counterfeit goods. They are then asked to repackage the item(s) and send them to another address, which m ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Money Mule
Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts, such as taxes, in a particular country or socio-economic context. The primary functions which distinguish money are as a medium of exchange, a unit of account, a store of value and sometimes, a standard of deferred payment. Money was historically an emergent market phenomenon that possess intrinsic value as a commodity; nearly all contemporary money systems are based on unbacked fiat money without use value. Its value is consequently derived by social convention, having been declared by a government or regulatory entity to be legal tender; that is, it must be accepted as a form of payment within the boundaries of the country, for "all debts, public and private", in the case of the United States dollar. Contexts which erode public confidence, such as the circulation of counterfeit money or domestic hyperinflation, can cause good money to lose its value. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Carding (fraud)
Carding is a term describing the trafficking and unauthorized use of Credit card fraud, credit cards. The stolen credit cards or credit card numbers are then used to buy prepaid gift cards to cover up the tracks. Activities also encompass Identity theft, exploitation of personal data, and money laundering techniques. Modern carding sites have been described as full-service commercial entities. Acquisition There are a great many of methods to acquire credit card and associated financial and personal data. The earliest known carding methods have also included Information diving, "trashing" for financial data, raiding Letter box, mail boxes and Inside job, working with insiders. Some bank card numbers can be semi-automatically generated based on known sequences via a "BIN attack". Carders might attempt a "distributed guessing attack" to discover valid numbers by submitting numbers across a high number of ecommerce sites simultaneously. Today, various methodologies include ATM sk ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
