Between June-July 2018, an Instagram page called 247cashouts messaged me on Instagram asking if I wanted to make some extra money.
He told me the way it would work is; he collects money from businesses that are closing down. It seemed legit at the time. At that time, I didn't think anything of it.
I was persuaded to give my account details to him. I never actually met him. He called me and told me to increase the withdrawal limit. I gave the bank a reason saying it was money for my step brother and sister to go on holiday. A few weeks after payments of around £1500 was deposited and withdrawn from my account.
I had no affiliation with this, like I said all I thought I was doing was making some extra money. However I soon realised it was a type of fraud when my bank (NatWest) locked my account without stating a reason.
I told my family that I had fraud done on my account however I didn't tell them that I was played. I'm too embarrassed to say anything and scared of the consequences. It's December now and I've realised I have to tell them what happened but I don't know how to deliver it without me sounding like I was involved. I feel guilty and mugged off. What would happen to me? I know I shouldn't have lied however at the time I wasn't thinking straight and I didn't realise I was being used as a mule per say.
Please could someone advise me on what to do next?