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The SCARS Institute Magazine about Scam Victims-Survivors, Scams, Fraud & Cybercrime
67 Year Old Money Mule Convicted
By SCARS Editorial Team – Society of Citizens Against Relationship Scams Inc.
67 Year Old Money Mule Faces 20 Years In Prison
Clay County, Florida Woman – Money Mule – Pleads Guilty To Fraud Charge In Online Romance Scheme
THIS COULD BE A LIFE SENTENCE FOR HER!
The 67-year-old Florida woman admitted to acting as a “money mule” in an online romance scheme that collected nearly $230,000.
Court documents showed in 2020, 67-year-old Iona Coates, of Orange Park, met two individuals online through a dating website. After getting to know them some more, she gave both individuals her bank account information and began receiving money into her account – becoming a money mule for them.
Coates then moved those funds from her account to the unknown individuals. In December 2020, the United States Secret Service (USSS) met with Coates and explained she was acting as a “money mule” in an online romance scheme because she had come to their attention from reports from other victims.
The Secret Service advised Coates to stop her participation in the scheme. The criminals, who posed as fake suitors on dating websites, were using her bank account to facilitate the transfer of stolen money from victims.
Despite the advice, Coates continued.
Between December 2020 through September 2021, Coates received $229,376.26 in her bank accounts from various victims.
Coates pleaded guilty to conspiracy to commit wire fraud. She faces a maximum penalty of 20 years in federal prison and payment of restitution to the victims in the case.
According to the U.S. Attorney’s Office:
Jacksonville, Florida – United States Attorney Roger B. Handberg announces that Iona K Coates (67, Orange Park) has pleaded guilty to conspiracy to commit wire fraud. Coates faces a maximum penalty of 20 years in federal prison and payment of restitution to the victims in the case.
According to court documents, in 2020, Coates met two individuals online through a dating website. She subsequently provided both individuals with her bank account information and began receiving money into her account. Coates then facilitated the movement of the money from her account to unknown individuals. In December 2020, the United States Secret Service (USSS) met with Coates and explained she was acting as a “money mule” in an online romance scheme. As part of the scheme, criminals acting as fake suitors on dating websites developed relationships and convinced victims to send money to Coates’s bank account. Coates, in turn, sent the money to criminals.
The USSS met with Coates and advised her to cease participation in the scheme, as the criminals were using her bank account to facilitate stealing money from the victims. After the meeting and advice for her to stop, Coates continued to facilitate the criminal activity. Between December 2020 through September 2021, she received $229,376.26 into her bank accounts from victims targeted in the online romance scheme.
This case was investigated by the United States Secret Service – Jacksonville Field Office. It is being prosecuted by Assistant United States Attorney Kevin C. Frein.
SCARS NOTE: THIS IS THE CONSEQUENCE OF NOT STOPPIN OR NOT REPORTING THE CRIME – SHE DID NOT STOP AND EVENTUALLY THEY CAME FOR HER
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TABLE OF CONTENTS
- 67 Year Old Money Mule Faces 20 Years In Prison
- According to the U.S. Attorney’s Office:
- Important Information for New Scam Victims
- Statement About Victim Blaming
- SCARS INSTITUTE RESOURCES:
- Psychology Disclaimer:
- More ScamsNOW.com Articles
- A Question of Trust
- SCARS Institute™ ScamsNOW Magazine
Society of Citizens Against Relationship Scams Inc. [SCARS]
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Important Information for New Scam Victims
Please visit www.ScamVictimsSupport.org – a SCARS Website for New Scam Victims & Sextortion Victims
SCARS Institute now offers a free recovery program at www.SCARSeducation.org
Please visit www.ScamPsychology.org – to more fully understand the psychological concepts involved in scams and scam victim recovery
If you are looking for local trauma counselors, please visit counseling.AgainstScams.org
If you need to speak with someone now, you can dial 988 or find phone numbers for crisis hotlines all around the world here: www.opencounseling.com/suicide-hotlines
Statement About Victim Blaming
Some of our articles discuss various aspects of victims. This is both about better understanding victims (the science of victimology) and their behaviors and psychology. This helps us to educate victims/survivors about why these crimes happened and not to blame themselves, better develop recovery programs, and help victims avoid scams in the future. At times, this may sound like blaming the victim, but it does not blame scam victims; we are simply explaining the hows and whys of the experience victims have.
These articles, about the Psychology of Scams or Victim Psychology – meaning that all humans have psychological or cognitive characteristics in common that can either be exploited or work against us – help us all to understand the unique challenges victims face before, during, and after scams, fraud, or cybercrimes. These sometimes talk about some of the vulnerabilities the scammers exploit. Victims rarely have control of them or are even aware of them, until something like a scam happens, and then they can learn how their mind works and how to overcome these mechanisms.
Articles like these help victims and others understand these processes and how to help prevent them from being exploited again or to help them recover more easily by understanding their post-scam behaviors. Learn more about the Psychology of Scams at www.ScamPsychology.org
SCARS INSTITUTE RESOURCES:
If You Have Been Victimized By A Scam Or Cybercrime
♦ If you are a victim of scams, go to www.ScamVictimsSupport.org for real knowledge and help
♦ Enroll in SCARS Scam Survivor’s School now at www.SCARSeducation.org
♦ To report criminals, visit https://reporting.AgainstScams.org – we will NEVER give your data to money recovery companies like some do!
♦ Follow us and find our podcasts, webinars, and helpful videos on YouTube: https://www.youtube.com/@RomancescamsNowcom
♦ Learn about the Psychology of Scams at www.ScamPsychology.org
♦ Dig deeper into the reality of scams, fraud, and cybercrime at www.ScamsNOW.com and www.RomanceScamsNOW.com
♦ Scam Survivor’s Stories: www.ScamSurvivorStories.org
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Psychology Disclaimer:
All articles about psychology and the human brain on this website are for information & education only
The information provided in this and other SCARS articles are intended for educational and self-help purposes only and should not be construed as a substitute for professional therapy or counseling.
Note about Mindfulness: Mindfulness practices have the potential to create psychological distress for some individuals. Please consult a mental health professional or experienced meditation instructor for guidance should you encounter difficulties.
While any self-help techniques outlined herein may be beneficial for scam victims seeking to recover from their experience and move towards recovery, it is important to consult with a qualified mental health professional before initiating any course of action. Each individual’s experience and needs are unique, and what works for one person may not be suitable for another.
Additionally, any approach may not be appropriate for individuals with certain pre-existing mental health conditions or trauma histories. It is advisable to seek guidance from a licensed therapist or counselor who can provide personalized support, guidance, and treatment tailored to your specific needs.
If you are experiencing significant distress or emotional difficulties related to a scam or other traumatic event, please consult your doctor or mental health provider for appropriate care and support.
Also read our SCARS Institute Statement about Professional Care for Scam Victims – click here
If you are in crisis, feeling desperate, or in despair, please call 988 or your local crisis hotline.
More ScamsNOW.com Articles
A Question of Trust
At the SCARS Institute, we invite you to do your own research on the topics we speak about and publish. Our team investigates the subject being discussed, especially when it comes to understanding the scam victims-survivors’ experience. You can do Google searches, but in many cases, you will have to wade through scientific papers and studies. However, remember that biases and perspectives matter and influence the outcome. Regardless, we encourage you to explore these topics as thoroughly as you can for your own awareness.
