The Rise of Money Launderers on Snapchat and Instagram | Crimewave

Video Description

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. 00:00 Intro 01:45 Meeting the money mule recruiters 06:26 Speaking with a former money mule 09:44 How international gangs launder illegal cash 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