Moneygate Holdings Ltd Tel: 0191 308 2718 Fax: 08723 52 0825

Moneygate Holdings Ltd at http://moneygate-holdings.com is a fraudulent online payment processing site recruiting money mules.



Also at http://moneygate-holdingsltd.net

See the job description for e-commerce representative here http://moneygate-holdings.com/job/financebiz ;
the FAQ here http://moneygate-holdings.com/job/finance/faq#fq_1 ,
and the online manual here http://moneygate-holdings.com/member/ma ... c/1_1.html

Address: 1 the Bulrushes Boldon Business Park Boldon Colliery Tyne-n-Wear United Kingdom NE35 9PF
Tel: 0191 308 2718
Fax: 08723 52 0825

Steals the identity of the UK registered company

MONEYGATE HOLDINGS LIMITED
1 THE BULRUSHES
BOLDON BUSINESS PARK
BOLDON COLLIERY
TYNE & WEAR
NE35 9PF
Company No. 06599571
Status: Active
Date of Incorporation: 21/05/2008
Nature of Business (SIC): 82990 - Other business support service activities not elsewhere classified

Domain created 14-Jan-2015 for 1 year only
In the process of being reported for fraud

hello
thank you for the information you posted. Could you describe the nature of this operation with more detail? I'm quite unfamiliar with it all (money mules, payment stuff and other things you mentioned) and am increasingly concerned as someone close to me may be involved, I know it involves shifting money about and getting commission. immediately suspicious I'd say.
what are the consequences of this sorta thing?
thankyou very much, I would greatly appreciate a quick response![/b]

In a money mule scam, the scammers will assign you the "task" of receiving money into your bank account and withdrawing the money and wiring it somewhere via untraceable means (like Western Union or moneygram). Occasionally they will have you forward it to another account via bank transfer, but this is less common.

The money transferred into your account will be stolen, pulled from the phished or hacked accounts of innocent parties. You will be acting as a "mule" - an intermediary who provides an extra step between the thief and his crime. By passing the money through your account, the criminals make themselves much harder for the bank to trace, especially since all the information they have given you will be fake. Transfers over a certain threshold amount will trigger immediate delays/investigations, and the bank may catch on before the criminals get their hands on the money, so the criminals can get hold of the entire account balance by using several mules at once, and making several transfers, each just below that threshold. Business accounts are preferred because generally that threshold amount is higher.

What you are ultimately doing is money laundering, which is a serious crime. In the end, when the bank realizes that stolen money is being run through your account (might be immediate, but could be a few days to a few weeks before they confirm this), you are the one who will get into trouble. And if you have withdrawn any of that money, you will be the one who has to pay it back (in addition to paying fees/fines associated with fraudulent and reversed deposits, even if you don't withdraw any of the money.) You are also the one who can end up with a bank account that is frozen for an extended period for an investigation, and your bank can opt to drop you as a customer (and put you on a blacklist for fraud, making it difficult for you to get an account at ANY bank.) And to add to the fun, you are the one who can end up facing criminal charges.

As for the promised pay for the job? Any "cut" from the transactions will be taken back by the bank with the rest of the money. And as for a paycheck, your average mule is usable for 1-2 transfers at most before the banks have flagged you. Once you are no longer useful for the scammers, they have no incentive to pay you--so you will never see a paycheck either.

The simple reality is that there is NO such thing as a legitimate job receiving and forwarding money through your own personal or business bank account. Any legitimate individual or business these days is able to receive money directly without having to pull in a third party and give away much of the profit, and NO legitimate business is going to trust a random person with thousands of dollars of their money based on a chat or phone interview--it would just be too easy for the individual to walk off with the money.

Here's a good article about mules: http://krebsonsecurity.com/2010/01/top- ... oney-mule/

This gang of scammers has been operating in Russia since 2009, putting up new fake sites every month and new nameserver domains from time to time (except for some months after Microsoft shut down the then set of sites). They encourage their mules to give them access to their online bank accounts (supposedly so that they can watch the money going in and out, but this means the scammers can also send money from the mules' accounts). This gang's sites were associated with a malware called Shylock, which is why Microsoft shut them down.

Please post the emails the scammers sent, with complete headers.

This is a scam do not be tempted. The phone number doesn't exist and the Real Moneygate Holdings at the address shown has no idea their details are being used. Don't do it peeps, you will be the one arrested.