Home Music Industry The Rise of Money Launderers on Snapchat and Instagram | Crimewave

The Rise of Money Launderers on Snapchat and Instagram | Crimewave

Gangs are always looking for new ways to launder their money, and in cities like London, Birmingham and Manchester, using money mules has become one of their favorite methods.

Young and vulnerable people are convinced by criminals, often on social media, to let them use their personal bank accounts to receive and send on their illicit earnings. However, there can be serious consequences for those who get involved, from being locked out of the financial system, to even serving time in prison. This crime is still massively under-reported, which in part is what leaves many young people so vulnerable.

VICE investigates this new and booming form of crime and meets the recruiters, the police, and people who have inadvertently got caught up in it.

Watch more from this series:

The Gangs that Steal Your Puppies
https://www.youtube.com/watch?v=D1yi_mUwIA8&t=193s

Cartels Are Making Millions on Fentanyl-Laced Medicine
https://www.youtube.com/watch?v=EV6qS8xH24M&t=1s

Click here to subscribe to VICE: http://bit.ly/Subscribe-to-VICE

About VICE:
The Definitive Guide To Enlightening Information. From every corner of the planet, our immersive, caustic, ground-breaking and often bizarre stories have changed the way people think about culture, crime, art, parties, fashion, protest, the internet and other subjects that don’t even have names yet. Browse the growing library and discover corners of the world you never knew existed. Welcome to VICE.

Connect with VICE:
Check out our full video catalog: http://bit.ly/VICE-Videos
Videos, daily editorial and more: http://vice.com
More videos from the VICE network: https://www.fb.com/vicevideo
Click here to get the best of VICE daily: http://bit.ly/1SquZ6v
Like VICE on Facebook: http://fb.com/vice
Follow VICE on Twitter: http://twitter.com/vice
Follow us on Instagram: http://instagram.com/vice

The VICE YouTube Network:
VICE: https://www.youtube.com/VICE
MUNCHIES: https://www.youtube.com/MUNCHIES
VICE News: https://www.youtube.com/VICENews
VICELAND: https://www.youtube.com/VICELANDTV
Broadly: https://www.youtube.com/Broadly
Noisey: https://www.youtube.com/Noisey
Motherboard: https://www.youtube.com/MotherboardTV
VICE Sports: https://www.youtube.com/NOC
i-D: http://www.youtube.com/iDmagazine
Waypoint: https://www.youtube.com/WaypointVICE

Videos are sourced from YouTube. Use of embeded videos from YouTube: YouTube allows third parties to embed videos through their public API. All articles, images, product names, logos, and brands are property of their respective owners. It remains the property of the copyright holder.

Previous article"LET ME CHARGE MY PHONE" l BIGG JAH
Next article"YOU THINK YOU'RE BETTER THAN ME?" | BIGG JAH #shorts