Get Out of Debt Guy

Money Mule Job Recruitment Scam

Posted March 9, 2013

A friend of mine and reader received an email that promised him a job. He's been looking for a new job. He was suspicious of the email and I offered to check it out.

It's a scam that appears to prey on people who have submitted their resumes to online job boards. Don't fall for it, no matter how good it sounds.

The Email

The following email was sent to my friend:

"From: Claire Hill
Subject: Re: Job offer

Hello,

Here is more information about the job position with IT-Dynamic LLC.

Our company creates a positive outlook and prosperity of businesses and individuals across the

world. Managing Information Technology Outsourcing lands a great possibility for growth and

development.

The position being offered is for Financial Services Officer.

Job requirements:
- Minimum 18 y.o.;
- constant internet access;
- home or mobile phone number;
- regular bank account (checking/savings) or a Verified Premier or Business PayPal account.

Employment benefits (upon completion of 30 days trial period):
- Paid holidays;
- Dental and Health;
- Professional development programs

Refer to the links below for additional information: [Redacted]

Frequently Asked Question: [Redacted]

Key points:
- No investment of funds on your part;
- Not a sales position, base pay along with commission is guaranteed;

For further information and inquiries you may contact us at [Redacted]

Limited Time Offer with a Sign On Bonus! Please follow the link: [Redacted]

If you are interested in pursuing this opportunity, you may complete the electronic

application: [Redacted]

Thank you for your time and interest with our company.

Best Regards,

Claire Hill"


The Job Description From Their Website

The Financial Support Agent will process payments coming directly from our clients.

When funds enter the bank account that our partner has designated for work purposes, the Financial Support Agent's duty is to withdraw the funds and transfer the funds using Western Union or Money Gram in the shortest time possible.

The primary advantage that our Company and our agents enjoy over our competitors is maintaining the absolute shortest possible time within which our partners or other clients can receive money for the goods and/or services that they have already provided.

Key Points

*Financial Support Agents receive detailed invoices for each transaction every 14 days. This document will serve as confirmation of transaction validity and in case of any (if any at all) unforeseen circumstances, it will evidence your personal non-participation. All invoices will contain detailed information on money sender and will be both sealed and certified with our President's signature.

All the fees (WU/MG) are paid from employee's commission. HOWEVER, our company undertakes to reimburse part of any expenses which are incurred in connection with money transfer (WIRE for Tier 2 employees, or by Western Union/Money gram system for regular Financial Support Agents) should money transfer charges exceed 3%. All in all, your net profit will amount to 8% (5-8% for Tier 2 due to high sums) of the total amount of each payment processing operation.

*We don't and never will ask for any investment of your own funds at ANY stage of the process.

*The company offers an incentive bonus program based on work performance and results with regard to several factors, i.e. total sum of money transferred, payment processing time, etc.

In summary, processing payments professionally and correctly involves paying attention to even the slightest details. We'll need your undivided attention for a short time per day, but please ensure you understand and abide by the rules. We always endeavor to abide by industry standards and maintain compliance with all applicable law to the fullest extent.

Company Information

The company says they are located at:

71 Fortune Drive
Irvine, CA 92618

That is actually the location of the Irvine Spectrum Center. It's a mall.

The State of California lists no company under the name IT-Dynamic, LLC that is registered to do business.

The company claims on their website they provide "a wide variety of legal services for small and medium sized businesses" but in the recruitment email they describe themselves as a company that manages information technology outsourcing. An odd contradiction.

It's a Scam

This appears to be nothing short of the Money Mule scam.

In that scam a person either willingly or is duped into participating in receiving money and forwarding it on. The money is typically acquired illegally and then deposited into the money mule bank account before it is sent off.

The money mule is paid a percentage of the proceeds deposited but, and here is the kicker, can be criminally charged in the scheme is busted by law enforcement.

The best advice I can give anyone that is receives such an email is to not fall for the scam and to report it to the Internet Crime Complaint Center at www.ic3.gov.

Steve Rhode
WRAL Get Out of Debt Guy

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Original story.
 

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About this Blog:

Steve Rhode has had careers in opthalmology, real estate and as the head of a nonprofit debt counseling firm. On his blog, he offers hard-won, free advice about getting out of debt, consolidation and making the right choices as you manage your money.