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Money Transfer Scam

Wire transfer fraud refers to a scenario in which a fraudster defrauds or obtains money based on false representations. In today’s technical world, fraudsters are attempting to infiltrate organizations through electronic communications such as email, text messaging or social media messaging, among others.
  • The scammer wants you to “help” them and, if you do, you will get a big reward. As an example, they want you to help someone in trouble or someone who needs help to transfer money.
  • The scammer wants you to send them cash they have deposited in your account. Do not do this — all you are doing is helping the criminal carry out the crime.
Click the play button below to watch a video example:
Click here to play the YouTube Video for this Senior Fraud Alert Scam Lesson
The first step is to identify the fraud. In the video above, were you able to hear the clues in the story and detect the Money Transfer Scam? The next step is to prevent the scammer from victimizing you or others. If you encounter a similar situation, use these tools to protect yourself from this type of fraud.
Money Transfer Scam Clues
  • If someone approaches you to help them transfer money, it is a scam.
  • They might be using you as a money mule, which is a way of laundering money for criminals.
Money Transfer Scam Defence
  • Talk to the police about the request.
  • Talk to your bank about the request.
  • Do not deposit the money into your account or give them information that allows them to do it.
Now it’s your turn!


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