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Consumer Alert: Fraudulent Wire and Electronic Fund Transfers

The California Department of Real Estate (DRE) issues a consumer alert about Fraudulent Wire and Electronic Fund Transfers

Criminals and scammers are posing as legitimate companies and/or professionals to convince consumers with fraudulent instructions to divert funds electronically (money wires and electronic funds transfers) to the accounts of the criminals, often overseas, resulting in the victim’s immediate loss of money.

While a request may appear real, to be safe, read the DRE’s consumer alert to learn steps you can take to avoid the theft and, if needed, how to report it.

Antonia Villaseñor, DBO Education & Outreach Coordinator, DBO

Antonia Villaseñor, DBO Education & Outreach Coordinator, DBO

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