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For example, the Federal Trade Commission says nearly $2.7 billion in losses were reported from impostor scams in 2023, but that includes all impostor schemes — not just real estate ones.
Real estate scammers have become a lot more brazen recently. They're staking their claim on the million-dollar homes of the very wealthy, armed with nothing more than a few forged documents. These...
A long-awaited U.S. rule aimed at curbing money laundering in real estate has reached a key White House office for review, the final hurdle for it to clear before it can be formally proposed next ...
Mortgage fraud by borrowers from US Department of the Treasury [7]. Mortgage fraud may be perpetrated by one or more participants in a loan transaction, including the borrower; a loan officer who originates the mortgage; a real estate agent, appraiser, a title or escrow representative or attorney; or by multiple parties as in the example of the fraud ring described above.
Nina Kollars of the Naval War College explains an Internet fraud scheme that she stumbled upon while shopping on eBay.. Internet fraud is a type of cybercrime fraud or deception which makes use of the Internet and could involve hiding of information or providing incorrect information for the purpose of tricking victims out of money, property, and inheritance.
Bank – the use of potentially illegal means to obtain money, assets, or other property owned or held by a financial institution, or to obtain money from depositors by fraudulently posing as a bank or other financial institution. [5] The term applies to actions that employ a scheme or artifice, as opposed to bank robbery or theft.
A dream home became a nightmare when Raegan Bartlo and her husband lost $255K to real estate wire fraud. Learn how this elaborate scam works — and how to spot the signs you're about to be their ...
In the parcel mule scam, scammers often attract their victims under the guise of a bogus work-from-home opportunity, [1] although other angles, such as a romance scam may be used to lure victims. [1] Victims begin to receive packages, often with high value contents (such as consumer electronics or designer clothes and shoes) at the address they ...