Wire Fraud in Real Estate Transactions
By Doug McIntyre, President
Reno/Sparks Association of REALTORS®
According to a recent article in the Chicago-Sun Times, the FBI reported that in fiscal year 2017, nearly $1 billion ($969 million) was “diverted or attempted to be diverted” from real estate transactions, and wire to “criminally controlled” accounts. It occurs every day. Consumers, particularly those involved in a real estate purchase or rental, are prime victims. To learn more click here and watch the video below.