GCash warns against 'money mules'

By Francis Earl Cueto

Sep 30, 2022 12:09 am

DIGITAL wallet provider GCash on Thursday warned the public against being used as money mules as online scams proliferate, with many using schemes to withdraw or transfer illegally obtained funds.

Money mules are verified account owners of a bank or other financial accounts used by a third party to obscure the source of the stolen funds and keep their identity a secret. These mules usually receive a commission or a fee for the use of their accounts.

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