|
Greetings!
Welcome to the Real Estate Coffee House(sm). Each week our panel of experts will discuss a timely real estate topic. Join us online every Friday from at 9:00 am to 10 am.
BYOC Bring your own coffee ☕️
THIS WEEK's TOPIC:
FBI Reports Mortgage Settlement Scams Waaay Up
The FBI’s 2025 Internet Crime Report was recently completed. In 2025, losses reported to FBI's Internet Crime Complaint Center ("IC3") continued to climb, hitting $20.877 billion mark. Investment-related fraud was once again the largest component of these losses, followed by business email compromises and tech support scams.
In the past, the majority of Financial Fraud Kill Chain incidents initiated by the IC3 Recovery Asset Team were Business Email Compromises (BECs), however in 2025 the FFKC process saw a rise in Tech Support and Account Takeover (ATO) initiations.
• If you discover a fraudulent transfer, time is of the essence. Immediately, contact your financial institution and request a recall of the funds along with any necessary indemnification documents. Different financial institutions have varying policies; it is important to know what assistance your financial institution will provide when attempting to recover funds.
• Regardless of the amount lost, file a complaint at www.ic3.gov. Be sure to include the full transaction details in your report. IC3 may be able to assist both the financial institutions and law enforcement in freezing funds.
Join us this Friday to learn more about this weeks topic.
|