REALTOR Magazine
Barbara Corcoran, former real estate executive and TV “Shark Tank” judge, lost hundreds of thousands of dollars in a phishing scheme. A similar scam is targeting real estate professionals and their clients, too.
A person posing as Corcoran’s assistant sent an invoice to her bookkeeper for a renovation payment. Corcoran is an investor in real estate and assumed the invoice was accurate. Her bookkeeper wired $388,700 to the email address.
But the email was a fraud. The scammer had been imitating the assistant in the email; the email address was misspelled by one letter.
The funds have since disappeared, and Corcoran told media outlets that she’ll never get her money back.
