Wire fraud is still prevalent in our industry, and there can never be too many reminders to stay vigilant to this type of cybercrime. Wire fraud occurs when a scammer impersonates a reputable company or a person that a client is working with via email, and requests that money be sent to keep the transaction moving forward.
Scammers are getting more creative and convincing; Isabella recently had clients who received a fraudulent email impersonating the builder they were working with, requesting payment mid-build for recent upgrades. Thankfully, Isabella had educated them about wire fraud, and they did not pay.
The solution? Before sending any money, reach out to the person requesting it with contact information you have independently verified. Or better yet, reach out to your Mad City Dream Homes agent. We’re happy to assist.
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