Where your money ends up after a scam

Once scammers successfully steal someone’s money, they need a place to stash it. So they are buying verified Canadian bank accounts in order to launder money. In the last 12 months, a Canadian cybercrime research firm identified 4,337 social media posts offering to purchase accounts. The people who allow scammers to use their accounts are known as “money mules”. Many become implicated in the crime, even if they are recruited without knowing they are being used to launder money. Alexandra Podazki is the Globe’s financial and cybercrime reporter. Today, she joins the show to explain what exactly is happening with this black market for verified bank accounts and why the demand for money mules seems to be growing. Questions? Comments? Ideas? Email us at thedecibel@globeandmail.com Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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Where your money ends up after a scam is an episode from The Decibel by The Globe and Mail.

This episode is 00:24:02 long.

This episode was published on Apr 30, 2026.

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