The Lead : Shark Tank Wire Fraud

Shark Tank Wire Fraud

Here is why you should always personally verify wiring information: Phishing scams are on the rise with real estate purchases where criminals fake an email with wiring information to those they know are involved in a transaction. The buyer realizes too late that they have sent their money to a fake account controlled by a hacker, rather than the intended recipient. We have seen this happen one too many times. It is a real thing, friends. Always verify wiring instructions on the phone with a real person that you have done business with!

This happened recently to veteran real estate investor Barbara Corcoran, of Shark Tank fame. Someone sent an invoice for a property renovation to her bookkeeper. The bookkeeper wired the money to the tune of $388,700 to a scammed account.

This money is near impossible to recover once it is sent. It is a heartbreak best avoided by being extra careful when sending money. Phisihing is lucrative because there is always someone moving a little too fast through their day, missing critical clues. Don’t take the bait!

Share this article

Share on facebook
Share on twitter
Share on linkedin
Share on pinterest
Share on whatsapp
Share on vk
Share on email
Share on reddit

Related Articles

Scroll to Top