They would have transferred the money to another bank account. Then the "money mule" who owns that bank account would have been instructed to wire the money internationally, withdraw cash, buy gift cards, buy cryptocurrency, etc. (hard to reverse or trace transactions). Once the victim reports fraud, the money would have been moved to India, Russia, Ukraine, Nigeria, etc. The cost of the fraud falls on the end victim, or the money mule intermediate. The police might arrest the money mule.

https://krebsonsecurity.com/2010/01/top-10-ways-to-get-fired...