"Neither Mago nor Arizona Escrow noticed the slightly different email address used by the imposter," stated Judge D. Steven Williams, in his written opinion for the court.
April 05, 2023 at 07:11 PM
5 minute read
An email hack in the midst of a closing on the purchase of a restaurant franchise resulted in the hacker walking away with all of the escrow funds.
In appealing a jury verdict against it over the incident, the escrow agent contended that apportioning the company 100% of the fault was a violation of Arizona law and that the buyer was not entitled to prejudgment interest or attorney fees.
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