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Dreier directed two purchasers of bogus notes to wire payment to his law firm's escrow account. At least one purchaser discovered the fraud and received the return of its investment, but approximately $100 million in known proceeds from the sale of the bogus notes is not accounted for.
The bogus escrow scam is a straightforward confidence trick in which a scammer operates a bogus escrow service. Escrow services are intended to ensure security by acting as a middleman in transactions where the two parties do not trust each other. Rather than sending money or goods directly to the other party (which is insecure, as one or the ...
In May 2004, a Something Awful forum poster asked for advice on how to deal with a bogus escrow scam from a buyer on eBay. Since the eBay auction was for an Apple PowerBook G4, the poster sent a three-ring binder crudely dressed as a PowerBook and declared it to customs at the value of a real product. The buyer, who lived overseas, paid several ...
Expectant parents learned that their money at a surrogacy escrow firm is inaccessible and likely gone. One has sued over the 'scam,' calling it 'nothing short of evil.' They put aside millions for ...
A U.S. District Court jury on Friday unanimously found Douglas Hawkins, of Richmond, guilty of investor advisor fraud, securities fraud and two counts of wire fraud. Hawkins was an attorney ...
The fraud involves operatives calling homeowners, who oftentimes had previously sought relief from their mortgage lender and thus were expected to be contacted, according to the FCC.
It was run by Rothstein and involves Fort Lauderdale businessman George G. Levin, who reported Rothstein to the U.S. Attorney's Office for "suspicious activity." According to the lawsuit, Frank J. Preve is Chief Operating Officer and kept an office inside Rothstein et al. He is a convicted bank fraud and embezzlement felon.
• Fake email addresses - Malicious actors sometimes send from email addresses made to look like an official email address but in fact is missing a letter(s), misspelled, replaces a letter with a lookalike number (e.g. “O” and “0”), or originates from free email services that would not be used for official communications.