The scheme is to dupe the buyer into thinking that a last minute change has taken place and they need to do a wire transfer.
The scam takes place via email OR a real live snail mail letter.
This is an amazing one. I do wish the scammers would put their amazing brain power to work for good.
Check it out at RealtorMag
Richard Smith We agree with you; can you imagine how sucessful these scammers could be if they focused on lawful enterprises. Thanks for sharing!
Richard Smith
Katy, TX
This is pretty scary stuff. I guess I have to make sure my customers know to verify by phone any wire transfer requests going forward.
Scammers won't stop because it is easy. They don't pay taxes and they are hard to catch.
Thanks for the warning and totally agree with you. If these people would put their brains to better use, it might just surprise them on the good they could actually do.
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