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?

silly cultural rule

Its a scam OP. Whether its being put across to you as that, or not. Quite a common scam too. Not going to say you should report your DH though, a lot of people would find that very hard to do. But if you are able to ie if the whole family don't close ranks on you! Then you need to talk to him about this because if he's done it and got away with it now, then he will be seriously tempted to do it again. He isn't going to get away with it forever. & then what? Possible jail, as its fraud.

Men with cultural norms, which essentially means "ask no questions" and siblings being all up in your financial business, tapping your DH for favours/involvement in "schemes" throughout your married life..its hard to deal with. It doesn't go away. There is an entitlement around it all. But hope you can sort it out. Good luck

Does anyone read these threads before they post the same thing over and over.

This is not money laundering. No one laundering cash gives away 45% of the proceeds in a bank transfer-the probability is the transaction is fraud-the person who transferred the funds does not own the account,at some point the account holder will report to his bank.

If you contact the bank they'll wanna know why you're accepting transfers from people you don't know the only course of action is to wait and see what his bank comes back with.

As to the suggestion you go to the police and admit guilt you do know he will be cautioned and arrested. Ignorance is no defence in criminal law.

Thank you Ciao, I know it's not money laundering. I'm concerned now that a) my husband was stupid enough to be sucked into a scam and b) we will be £3500 down.
Also as someone mentioned there's the whole entitledness that surrounds him and the guilt and obligation that comes from his family. I've really reached my limit with it.

Isn't parenting a supposedly grown arse man becoming tiresome?

Actually, by definition it is money laundering. Possibly not intentionally on the part of your husband but it is still money laundering. The "dirty" money is cleaned by coming through his account when it is then sent on and becomes less traceable. He may not have realised what we was doing but it was still being done nonetheless.

It's not money laundering if, as seems most likely, he's scammed instead. No money has passed through anywhere, he's just sent some out. That's what people mean when they say it isn't - it's almost certain nobody else's money is ever going to reach his account at all, just a dud source of payment which will eventually bounce. So no, no money has been cleaned. He's sent legit funds out but none have in reality come in.

If for example the money came in as a transfer (from a genuine account) which it often will, it would be money laundering - the proceeds of crime (the money stolen from the genuine account) are washed through the recipient's account, and then either transferred on or withdrawn. Whether the money is clawed back from the recipient is by the by - the original transfer in has been cleaned in his account and moved on.

If however it came from a counterfeit chequer for example that was never going to be paid, I agree there's nothing there to launder.

Counterfeit cheque, that should say, not chequer..

Whatever happens in this case, he's a financial disaster waiting to happen. Protect yourself.

There is a strong possibility OP that the person who spoke to your husband is still actually a scammer. If he is scamming your DH and DSIL, then he's not going to tell your DH he doesn't know your DS, as he's hoping to get them to do it this time with £20k before the first payment bounces and your left worse off.

Worst case you've lost £5k, best case your husband has laundered money. Why else would someone transfer finds in from a foreign country and then pay out. And via your DSIS account too for good measure.

Beyond point scoring, whether it is money laundering or a financial scam, it doesn't really matter in terms of the chaos it might cause.

Fundamentally OP, your problem is that there's something wrong with your DH when it comes to financial probity. Unless you can trust him completely and know he won't let something disastrous happen, at some point he's probably going to do real financial harm to your family.

No he did receive $5000 so it is money laundering isn't it? They are giving him £500 in return for the clean money.
He didn't just send money out. He received $5000 and then send out two amounts leaving £500 in his account

He may not have received the original $5,000. It will be a transfer of money, cheque whatever that will get bounced back. It will look like it has been transferred, but it is a transaction that is designed to fail.

The more I think about this the more I think everyone's in on the scam.

Its easy to blame the sil and their culture the op said her dh has form for doing similar in the past surely he would have learned his lesson by now.

The op only found out by snooping the husband then did his usual and blamed everyone but himself.

Think about this; The person who sent him the transfer has a bank account why did they need to send it to her husband and then on to the third party when he could have sent it direct to the third party, himself the whole thing makes no sense. Who accepts money into an account and takes 10/20% without knowing its a fishy as fuck.

Whoever said he's a financial disaster waiting to happen was right. I demanded to see his online banking tonight to see if there was any more info to be had or to see if the funds had cleared/bounced. He really resisted showing me, to the point that I thought it had already bounced and he didn't want me to see. It hadn't though. The statement showed it had cleared, it took 3 days to clear and then he sent the outgoing funds. I don't know how he is going to get my trust back. I'm not positive that he can stick to his word and stop getting involved with his dsis. Also he had changed the password on his phone.

It still may not have really cleared though, as someone said previously, it can still be taken back

I wonder what would happen if you moved all the money to another account and closed that one.

I hope that your DH doesn't have access to your account OP?

What about a joint account? Could family money be at risk?

Mamaka- All cheques clear after 3 working days BUT that doesn't mean it will be paid. Foreign cheques can take up to 90 days to be properly cleared, that is why the scam works.

I worked at a bank and if money was sent by a direct bank transfer once it's gone it's gone. It can't be returned or taken back.

It's unlikely to be a bank transfer though. No one would send a large sum of money to a complete stranger (the op's husband) and trust them to transfer the money on.

Yes it was a transfer not a cheque.

A transfer can still be a scam - I rent out holiday properties, it was very common a few years ago to get enquiries about holidays, saying their employer would pay me x amount by bank transfer, which was usually 2-3K more than the cost of the accommodation, and that was to cover his other expenses like car hire, food etc, and I was supposed to give him the difference when he arrived. Needless to say I didn't accept any bookings on this basis

But according to PamDoove a transfer cannot be removed once paid. Therefore the $5000 transfer that cleared before my h transferred the £3000 out cannot be taken back again so we are safe, money wise.
Right?