Kentucky man almost loses $70K in real estate scam | #phishing | #scams


LOUISVILLE, Ky. — The Attorney General’s Office in Kentucky reported more than $12.7 million lost to scammers in 2021.

A Louisville man told WHAS11 News he was in the process of closing on his new home in Jeffersontown when he got an email from someone who appeared to be his closing attorney.

The email encouraged Kevin Thieneman to wire the funds in order to ‘avoid delay’ with closing.

“I had actually had some interaction with them previously,” Thieneman explained. “There was nothing in the emails that made it suspicious in the least little bit.”

Theineman wired more than $70,000 as directed and called his realtor afterwards.

“He said ‘Kevin, your closing attorney didn’t do anything, and didn’t send you that.’”

Thieneman drove to the bank immediately and was told the money had already been wired. The email from the fraudster was a near perfect spoof of Kevin’s actual closing attorney’s email. He said the logo, letterhead, even the signature was the same.

“Except for that one thing,” Thieneman said, pointing to the email address. Instead of ‘LouisvilleLawyers,’ the email came from ‘Lousvilelawyers,’ with one L.

“They’ll either hack the listing agent, they’ll hack the lender, the closing attorney, they’ll hack their email, they will search for actual closing documents,” Shellie May with the Attorney General’s Office in Kentucky, said. She said nationally, hundreds of millions of dollars are lost every year because of real estate scams just like this.

In 2020, $213 million was reported lost because of real-estate scams. In 2021, more than $350 million were lost. That’s more than a $100 million increase in just a year.

“The scammers are getting quite crafty,” May said.

Fortunately for Thieneman, he received word five days after wiring the money that it had been returned to his account.

“Big time relief, we just praise God for that happening,” he said.

Though not all cases have a happy ending.

The Attorney General’s Office warns folks to be “extra cautious” before wiring your hard-earned money and has provided these tips to avoid real estate or wire transfer scams:

Kentuckians can report scams to the Attorney General’s Office at ag.ky.gov/scams.



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