The latest housing scam: Using AI to impersonate your agent or lender
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- Generative AI Allegedly Used to Facilitate $255,000 Real Estate Fraud Scheme
event | 15 Dec 2024 | 78%
A real estate scam is reported to have used AI-generated phishing emails to impersonate a title company lawyer, tricking homebuyer Raegan Bartlo into wiring $255,000 to a fraudulent account. The emails were alleged to be convincing, with no grammatical errors or tone issues. Bartlo recovered part of the funds but lost $112,000.