Title Insurance Companies, Lawyers Targeted in 'One of the Hottest Real Estate Scams'
Lawyers and settlement agents are falling for these wire fraud schemes.
A fast-growing fraud scheme is putting some real estate attorneys at risk when scam artists intercept money intended for a home purchase.
The crime begins when a hacker breaks into a lawyer’s computer system to learn of upcoming closing dates. The hacker then sends the homebuyer an email with instructions to wire the money to a bank account associated with the scheme. The money vanishes as soon as it is sent.
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