MIAMI — Dozens of people fell victim to an elaborate fraud ring, with some losing their life savings. Federal agents say the criminal network, called the “Honeybun Boyz,” made off with millions of dollars.
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A criminal complaint filed earlier in August reveals a $20 million criminal enterprise operating in South Florida.
The 29-page complaint says the FBI began investigating “money mule networks” last year.
Federal agents identified a group called the Honeybun Boyz.
The complaint describes the group as a major metropolitan criminal enterprise made up of financial fraudsters who flaunt $100,000 bankrolls tied to account takeovers that target vulnerable victims.
The term “honeybun” in certain circles means $100,000, a term also used by music artists like Pop Smoke.
The three-tiered network is made up of controllers, the bosses, handlers and mules who move the money.
Federal…
This involves defrauding the state or using government systems to steal from individuals.
- Tax Identity Theft: A criminal uses your ID and income details to file a tax return in your name and claim a refund before you do.
- Grant/Benefit Fraud: Falsely claiming unemployment, disability, or social grants that the perpetrator is not entitled to.