Tag Archives: wire fraud

With fraud ever-prominent, Closinglock secures $34M Series B

By | | Uncategorized
Comments Off on With fraud ever-prominent, Closinglock secures $34M Series B

Closinglock, a software company in the fraud prevention space, has closed on a round of Series B funding of $34 million. Continue reading →

Over 50% of transactions are at risk for fraud. Here’s how to fight back

By | | Uncategorized
Comments Off on Over 50% of transactions are at risk for fraud. Here’s how to fight back

According to new Inman contributor and attorney Renée Hunter, from cybercriminals to family members, property fraud of all kinds is on the rise. Find out what practical steps you and your professional network can take to put a stop to it. Continue reading →

Miami luxury agent sentenced to 3.5 years in prison for PPP fraud

By | | Uncategorized
Comments Off on Miami luxury agent sentenced to 3.5 years in prison for PPP fraud

Daniela Rendon was sentenced on Thursday after having misused hundreds of thousands of dollars in pandemic relief funds for her own personal luxury purchases, claiming that at the time “everybody” was doing it, according to reports. Continue reading →

Meade High School, Kelly Moss and the rise of fake real estate listings

By | | Uncategorized
Comments Off on Meade High School, Kelly Moss and the rise of fake real estate listings

Two fake Zillow listings went viral at the end of May — one a high school senior prank and the other resulted in buyers losing thousands. Here’s how to save clients from online scammers. Continue reading →

CertifID gets tougher on wire fraud with PayoffProtect

By | | Uncategorized
Comments Off on CertifID gets tougher on wire fraud with PayoffProtect

The intent of CertifID’s new software is to fill a risk-gap in the payoff process between title companies and lenders. Cases have increased of criminals impersonating banks and mortgage lenders, requesting fraudulent payoff requests from title companies. Continue reading →

Massachusetts broker gets 2.5 years for $1.8M homebuyer scheme

By | | Uncategorized
Comments Off on Massachusetts broker gets 2.5 years for $1.8M homebuyer scheme

The U.S. District Court of Massachusetts sentenced broker Michael Flavin to 30 months in federal prison for manipulating homebuyers into signing $1.8 million in fraudulent contracts, according to The Real Deal on Sunday. Continue reading →

Paymints.io integrates into First American’s PRISM platform

By | | Uncategorized
Comments Off on Paymints.io integrates into First American’s PRISM platform

The move eliminates the need for paper checks by allowing title and real estate agents to request and receive electronic disbursement of earnest money and cash-to-close funds within the platform. Continue reading →

Homebuyers sue REX after losing $140K in wire fraud scam

By | | Uncategorized
Comments Off on Homebuyers sue REX after losing $140K in wire fraud scam

The complaint alleges negligence and breach of fiduciary duty after an unknown third party impersonated the brokerage’s title company and sent the buyers fraudulent wiring instructions. Continue reading →

The internet is a hotbed for criminal behavior

By | | Uncategorized
Comments Off on The internet is a hotbed for criminal behavior

It isn’t safe to be on the internet, but that is where business comes from these days. Broker Teresa Boardman offers warning signs to look out for and ideas for keeping yourself safer from online predators. Continue reading →