'Herders' and 'olders'

Money Box

BBC

Business

4.2 • 825 Ratings

🗓️ 12 October 2019

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this programme we go undercover into the world of the mule, discovering how children as young as 13 are being groomed to hand over their bank account details to criminals. We reveal that some of the recruiters, known as herders, are also teenagers. The accounts are then used to launder the proceeds of crime.

Latest figures show that the number of accounts belonging to under 21's being used by money mules has doubled since 2016. Money mules and herders face a 14 year prison sentence if caught.

Presenter: Paul Lewis Producers: Tom Wright and Alex Lewis Editor: Emma Rippon

Transcript

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0:00.0	You're about to listen to a BBC podcast, but this is about something else you might enjoy.
0:05.4	My name's Katie Lecky and I'm an assistant commissioner for on demand music on BBC Sounds.
0:10.8	The BBC has an incredible musical heritage and culture and as a music lover, I love being part of that.
0:17.5	With music on sounds, we offer collections and mixes for everything, from workouts to
0:22.4	helping you nod off, boogie in your kitchen, or even just a moment of calm. And they're all put
0:28.3	together by people who know their stuff. So if you want some expertly curated music in your life,
0:35.0	check out BBC Sounds.
0:41.2	BBC Sounds, music, radio, podcasts.
0:48.3	Hello, I'm Paul Lewis, and this week an in-depth look at how teenagers are being recruited by criminals to help launder money.
1:00.0	I need your credit card or someone else's credit card and I give the details to my older. And I obviously in that moment felt really scared and like I wasn't sure what to do.
1:06.0	It's not anything risky, you're nothing bad going to happen.
1:12.4	Fuller's nothing new to us.
1:15.3	Maybe, you know, as we even coming up in school, this is something.
1:17.2	When did you start to see it?
1:18.2	Definitely year nine.
1:19.2	Definitely year nine.
1:23.5	It was definitely prevalent amongst the oldest students.
1:27.2	Everyone knew about it, but nobody wanted to say a word about it. Yeah, yeah.
1:29.3	Squares, Dietz, F-Doms, 419.
1:32.3	This week, Moneybox goes undercover into the secret world behind the money mules,
1:37.3	young people who are paid in cash or gifts, to hand over their bank account details to criminals.
1:43.3	The crooks use the accounts to launder the proceeds of their crime,
	...

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