Agents beware: Countefeit check scam targeting Realtors and real estate attorneys

The Internet Crime Complaint Center (affiliated with the FBI) recently reported a scam that targets real estate agents and real estate attorneys.

International subjects have been contacting real estate agents and real estate attorneys in the U.S. expressing interest in buying a home and their willingness to pay cash. They then direct the agent to set up escrow with a local attorney. They then send checks for hundreds of thousands of dollars to the agents and after the check has been deposited but before it clears, they request the agent or attorney to wire back funds to their accounts overseas. Often the checks are drawn from legitimate accounts that have been fraudulently obtained by the criminals.

Internet Crime Complaint Center
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June 01 2011 - US
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Yikes, what will they think of next?  Thank you for sharing.
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June 02 2011
Thank you for posting.
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June 02 2011
This has been happening for some time. Have received two cases where the bogus cash buyers (sight unseen) also sent copies of their Canadian passports depicting Asian appearance individuals, copies of driving licenses and a check for $000,000's to support their purchase. They also demanded the use of Docusign for documentation. Beware.
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June 03 2011
 
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