wire transfers

A parent fell victim to a 'husband passed away estate sale' scam after receiving a fraudulent email from their child's school. The scammer, referencing a real teacher's death, convinced the victim to send two wire transfers totaling $6,000 before the victim realized the deception through online research.

The Simpson County Sheriff’s Office in Kentucky warns residents about fraudulent rental listings on TikTok using photos of legitimate properties in Franklin and Simpson County. Scammers direct interested parties to a shared phone number, and investigators have identified some posts as illegitimate. The sheriff’s office advises verifying listings, meeting property owners in person, and avoiding non-traditional payment methods to avoid scams.

A Spotsylvania man reported that hackers used wire transfers to steal $10,000 from his Wells Fargo account, targeting his retirement savings. Wire transfers, typically a fast payment method, were exploited in this incident.

The Caldwell County Sheriff’s Office warns residents about scammers impersonating Publishers Clearing House, who call victims claiming they won a prize but require payment of taxes and fees via wire transfers, cryptocurrency, or gift cards. The real Publishers Clearing House does not ask for money to claim prizes.

A 78-year-old woman has been victim to a multi-year romance scam, losing over $500,000 through wire transfers, cash, and cryptocurrency to scammers posing as 'boyfriends.' The scammers use AI-generated videos and avoid direct communication, while she continues sending money despite financial hardship and bank account closures.

The Better Business Bureau (BBB) warns consumers about fake websites selling high-value items like classic cars, RVs, and heavy equipment. Scammers create imitation sites with fake testimonials and realistic images, urging buyers to verify businesses through external sources and avoid wire transfers.

Infinite, a B2B stablecoin tech provider, has launched banking services powered by Erebor Bank, which is backed by venture capitalist Peter Thiel. The new accounts support traditional and crypto services including ACH, wire, and stablecoin transfers.