MARTIN COUNTY, Fla. (CBS12) — Caroline Bahadourian has closed dozens of real estate deals and flipped over 40 properties, but her years of experience couldn’t protect her from a sophisticated property wire fraud scheme.
The Martin County Sheriff’s Office is now investigating after hackers made off with over $65,000 of Bahadourian’s life savings.
While Bahadourian is usually the one facilitating deals for others, this time she was the buyer. The loss occurred during what she thought was a standard property closing.
The fraud began when Bahadourian received what appeared to be legitimate wire instructions from her title company’s email address. Having already successfully wired escrow money days earlier, she had no reason to suspect the closing cost instructions were fraudulent.
“I didn’t know that I was about to send my entire savings to a fraudster,” Bahadourian told CBS12 News.
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