Some recent major schemes involve fraudulent emails and wire transfers that appear to be from a broker or attorney with wire instructions to the hacker’s bank account. And it can happen to the most experienced professionals in the business. 

CNBC detailed the experience of a 25-year Silicon Valley tech veteran Rana Robillard who was conned out of $400,000 with one email. 

Earlier this year, Robillard won a bidding war on a house in Orinda, a San Francisco suburb. So when she received an email from her mortgage broker with directions to wire a $398,359.58 down payment to a JPMorgan Chase account, she wired the cash immediately.

The email was in a thread to her broker. Afterward, she received a second request for the down payment, and she understood that her initial wire had been sent to a scam.

Peace be with you

Updated: Boston Real Estate Blog 2024

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