Scammers attempt to steal $200,000: Real estate bulletin Issue 140 (April 2017)
The Department has received another report of a scam attempt. Fortunately, the scam was thwarted by the property buyer’s attention to detail.
The scammer attempted to divert settlement funds from the buyer into their own bank account, by creating an email address similar to that used by the settlement agent.
The attempt failed because the buyer noticed the discrepancy and contacted the settlement agent using previously verified contact details.