Dh involved in potential scam?!

[Mamaka]

After a suspicious call from my sil yesterday I did some snooping on my h's phone and found screenshots of a transfer of $5000 between 'solenco' and 'ynj corp' and my h. He then forwarded the money to 2 individuals. I have asked him about it and he said his sis asked him as a favour and he didn't ask for more info! Am I being overly suspicious or does this have scam written all over it?
I can't believe he could be so stupid as to hand out his bank details to people he doesn't know. His sis and mum have notoriously poor financial judgment and are always trying to involve my h. He usually doesn't tell me about it unless it backfires.
Feeling very suspicious and wary and a bit sick. What is the worst that could happen in this situation?

It's money laundering.

Sorry, just found out it was his business account not his personal account. He is saying his sister's friend needed a UK business account to make a purchase.
I have told him if he doesn't get proof from her then I am going to report it to his bank today. He has stopped replying (he's at work).

How long ago was the $5000 paid to him?

I work with banks and whilst this is getting less common, a lot of people fall for the promise of a cut of the profits and don't really think about what they are doing.

It's also really common for the person involved to stubbornly refuse to talk about it or admit that they've been scammed.

Him buying stuff on a credit card and his sister paying him cash - they are money laundering and this is the next step to using his business not just his personal account to do it with.

Ok so it looks like I need to confront his sis as he will only tell me that he has done and all is OK. What proof do I need to see from her?

Oohh that makes it sound much worse.

There are few legit reasons to need a UK business account - either something that is a common target for fraud, or something that he doesn't want to be on record buying, usually.

Now his business is implicated. Is he self-employed or does he work for a company and has paid through their account?

I'm guessing he knows that if he purchases something on someone's behalf, and they scam the company, he will be liable?

Money laundering carries a maximum sentence of 14 years. Don't let this go any further.

Gosh, this sounds like a nightmare - is his sister in the uk? Do you have a good relationship with her?

Oh fuck. Want to puke! About to go to fricking dc's preschool Easter event.
Please someone tell me exactly what to do. So far I've gathered report to bank. They will report to police if necessary.

She is in UK yes. No our relationship has been strained for a while over various dirty work that I think she uses my h for.

Your DH is now being deliberately obstructive. You are a couple and he has potentially done something that could have serious fallout and he is refusing to engage with you and tell you what he has done to rectify things. I'd be more inclined to think he knew precisely what he was getting involved in than he was being naive due to his behaviour.

I'm sorry but your sis won't have any proof that will make it clear this is OK. So going to her won't help.

I'm sorry but I would be questioning my relationship with your DH going forward. Really. This is as bad as someone hiding credit card debt from their partner until the bailiffs come calling and they lose their home.

Relationship is already in question - we have been separated for last 3 weeks. We were getting things back on track. This happened while he was staying at his sister's.

Report to bank yourself. Speak to their fraud dept and take it from there. If it's genuine then nothing will come of it and no harm done. Well except to your relationship with your sil but that's no bad thing I suspect.

In which case, I would have absolutely no hesitation in going to the bank and the police and letting the chips fall where they lie. At the end of the day, you may be ensuring there is money for you in the divorce settlement or not.

Do not get back on track with this man.

He's not money laundering do you really think someone looking to wash money use's these methods?

Its a scam, he was a sent a bank transfer( I presume) I suspect the transfer is fraudulent depending on who's money was stolen at some point an investigation will start and any number of things may occur.

I guess, you could try and explain to your bank, if i were you Id wait this out and see what they say too you if you go in and admit to fraud you're leaving yourself open to liability and possibly a criminal charge.

Calling the police is ridiclous, they won't do anything they simply don't have the resources too investigate.

Ciao the OP would not be going in and admitting to fraud because it is not her account, it is her husband's business account. Don't worry her more than she is already!

It is likely to be a scam rather than money laundering, but it's still shit.

Him buying stuff on a credit card and his sister paying him cash - they are money laundering and this is the next step to using his business not just his personal account to do it with.

Sorry to backtrack slightly to a PP, but I'm not sure that asking someone to buy you something on a CC and then giving them cash is money laundering in itself. Obviously, this particular case is much more complex, it seems to involve a business account, and I think the above statement is just a bit badly phrased, but as a matter of curiosity, surely it's not money laundering if I get my friend a pair of shoes on a CC and my friend then gives me the cash? (I''m curious, not picking up the PP on the letter of his/her post.)

Do everything that you can to protect yourself; people this stupid will drag you down with them.

As someone who has worked in Financial Services I can tell you this is a classic money laundering scenario that we are trained on spotting and preventing. Definitely report to the bank. I'd also inform the police proactively TBH.

It could be money laundering or a scam. What it definitely isn't is legitimate. At the very least the op needs to tie her husband to a chair and get him to talk (not literally of course). It is not enough for him to say he is dealing with it. He is either financially ignorant or dodgy himself.

I guess, you could try and explain to your bank, if i were you Id wait this out and see what they say too you if you go in and admit to fraud you're leaving yourself open to liability and possibly a criminal charge.

No, the only thing that would leave the OP potentially open to liability would be not reporting it.

Calling the police is ridiclous, they won't do anything they simply don't have the resources too investigate.

That statement in itself is ridiculous. The police have a specialist Fraud Squad set up to deal precisely with this sort of offence, as do banks. They will certainly investigate.

OP, has your husband given his bank account details to these people? If so, he needs to alert the bank immediately in order to protect it.

You give your bank details out whenever you write a cheque - knowing account name/sortcode/number does not give you access to account.

It's worth phoning the police for advice and to register the crime. Whether or not they investigate is up to them but it covers you and also may help towards a more substantial case if these 'friends' are getting other people involved too. A £5k scam on its on is hardly a major crime, but it might well be part of something bigger.

element Well, I've worked in large scale fraud investigations I guarantee they won't investigate as it stands no crime has being committed, 5 k is a pittance in bank fraud. Anyways, the banks usually don't co-operate they usually write the loss' off and move on.

Same applies to the bank what exactly are you planning on reporting too them its not her bank account she has zero rights too that account.