Aaron Cole, like many people, skimmed over a few messages in the mass of paperwork that accompanies the process of buying and selling a home. Little did he know, criminals were hiding a scam in the details. #DontBeAMule ow.ly/eZdN50xysHY
After selling their home, the Coles received an email from what appeared to be the title company & sent the down payment on their new home to the account number in the email. Days later, the title company called to wire the down payment. A rep quickly realized what had happened.
The Coles had been the victims of a business email compromise scam. A criminal spoofed the title company’s email & sent fake wire instructions. Then, a money mule received the funds & funneled the payment to four other banks. Within days, the money would be out of the country.
In the Coles’ case, the title company helped the family cover their down payment in exchange for the Coles’ help alerting others about business email compromise. An FBI agent was successful in saving about 30% of the stolen funds, but the loss put the Coles back 15 years.
Aaron Cole said, “I grew up with computers. I know not to click on anything suspicious. Nothing about this looked suspicious.” Read the Coles’ story here. #DontBeAMule ow.ly/h1UT30q1DKn
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