Written by REFATSeptember 16, 2024 VENTURA, Calif. – Wire fraud in real estate transactions is rapidly increasing, posing a significant threat to both buyers and sellers. According to the FBI, fraudsters are increasingly employing sophisticated social engineering techniques to infiltrate real estate transactions by impersonating trusted parties such as escrow officers, real
Written by REFATSeptember 12, 2024 Equity skimming is a particularly insidious form of real estate fraud that targets property owners, often those who are already in a vulnerable financial position. This scam involves a fraudulent party taking over a property owner’s mortgage payments, typically with the promise of preventing foreclosure, only to
Written by REFATSeptember 6, 2024 As real estate professionals, we are entrusted with the financial well-being of our clients. This responsibility positions us uniquely to detect and prevent various forms of real estate fraud, including elder financial abuse, equity skimming schemes, abusive foreclosure rescue schemes, and fraudulent loan modifications. These schemes are
Written by REFATSeptember 3, 2024 VENTURA, Calif. – District Attorney Erik Nasarenko announced today that Abdoul Aziz Bah (DOB 05/31/94), also known as (AKA) Richard Anderson of Stockbridge, Georgia, pled guilty on August 27, 2024, to one felony count of money laundering. He also tendered $5,000 in cash as partial restitution owed
