Recently, we circulated a risk management tip regarding a recent increase in wire fraud instances. The California Department of Real Estate (“DRE”) has now published an article entitled, “Buyer, Seller, Real Estate Agents and Escrow-Holders BEWARE: Criminals are targeting your wire and electronic funds transfers!” The DRE is emphasizing its concern about recent wire fraud crimes. If you would like a copy of the DRE’s article, please let us know or it is available on the DRE’s website.
Shannon B. Jones, Partner sbj@sbj-law.com