Cyber and Fraud Centre - Scotland’s Post

Buying a house can be one of the most exciting yet stressful times of anyone’s life and involves financial transactions larger than most people will ever need to handle again, such as deposits and final balances. Unfortunately, where there is money, there are scammers. As a result, conveyancing and property fraud is on the rise as fraudsters use intricate cons to get between you and your hard-earned savings. #Solicitors #ScamAware #Conveyancing

I recently obtained an injunction order that froze the accounts of a client’s ‘business partner.’ This individual had decided to drain my client’s corporate bank account and hold the funds hostage to coerce my client. Adding to the drama, the two individuals are brothers who no longer get along. It was a classic case of the elder brother taking the younger brother’s stuff because he didn’t listen to the elder brother. Unfortunately for the elder brother, his attempts to dominate his younger sibling backfired. The injunction hit him hard, leading to the cancellation of his mortgage and blacklisting by his bank. Although challenging to secure, a Mareva injunction can serve as a powerful weapon against such wrongful acts targeting your corporation. However, it also poses risks. Since the court conducts the hearing ex-parte, the applicant might face a substantial cost order if the court finds out that they obtained the injunction by misrepresenting facts. Thus, comprehending the Mareva injunction’s mechanism is crucial. For a summary of how a Mareva injunction operates, please read my blog below. #embezzlement #businessdisputes #injunction #MarevaInjunction #misappropriation #freezingorder https://lnkd.in/gkfBJAWY

In the high-stakes world of business transactions, vigilance is key. I recently met with a potential client who fell victim to a common scam: a fraudulent money order in a purchase and sale transaction. Here's how it often plays out: a buyer hands over a fake money order for a hefty deposit, say $100,000, and then asks you to forward funds to the seller. The money order temporarily clears, but suddenly the bank withdraws the funds, leaving you in a financial nightmare. To avoid such costly mistakes, always: ✔️Use escrow agents. ✔️Involve attorneys. ✔️Thoroughly vet all parties involved. This client ended up $110,000 in the red due to this scam. Don't let this happen to you! With so much fraud in South Florida, it's crucial to protect yourself. 📌ℹ️If you need legal help and protection with your business transactions, please don’t hesitate to direct message (DM) us or comment “LEGAL” in the comments. You can also contact us below ☎️👇 📞 (305) 570-2208 ✉️ eayala@ayalalawpa.com 🌐 www.lawayala.com #lawyers #legalmarketing #lawfirms #law #business

I wanted to share with you the update issued by Council for Licensed Conveyancers - regulating property and probate lawyers surrounding payments systems that can support and help to tackle fraud an issue which I know is front and centre for many law firms in view of the increasing number of instances, recent cases and attacks. ISO200022 is on the horizon for all of us, what action will you take? PEXA UK looking to support conveyancers against this exposure in the future. #conveyancers #securefuture https://lnkd.in/dgd7cgsR

Great to see a regulator being proactive around payment systems. firms should gain benefit in the future in their insurance premiums by the development in this space, the risk of fraud is substantially reduced. For once as practitioners we may have the potential to move the risk to somewhere else!

As Realtors you can help stop seller impersonation fraud by being cautious when dealing with sellers that seem too good to be true. Fraudsters often target vacant properties because there’s no house to show and no one to do showings with. If you receive a request to sell vacant land through text or email, we should reach out to the seller by phone to verify their legitimacy. Fraudsters also prefer cash-only transactions and may ask not to put a for-sale sign on the property to avoid detection. Additionally, if the seller requests to use their own notary, that’s a huge red flag, as notary fraud is on the rise. Our protocol is to either send our own mobile notary or use a remote online notary service to ensure the seller’s signature is properly notarized. #SellerImpersonationFraud #VacantLand #CashOnlyTransactions #NoForSaleSign #NotaryFraud #remoteonlinenotary #titlecompany #fraudprevention

Seller impersonation fraud is a type of real estate fraud in which a scammer attempts to sell property that they do not own. 🏠 This is a friendly reminder to stay alert! 📲 Feel free to contact us with questions at titlesinsured.com. #propertyrights #titleagent #titleinsurance #westvirginiarealestate

The UK’s costliest scam? Lloyds Bank warns of worrying rise in conveyancing fraud • Reported conveyancing scams increased by 29% last year • Hacked emails allowing fraudsters to intercept property deposit payments • Victims losing £47,000 on average, but for some it’s more than £250,000 • Around 45% of victims aged 39 or under, with first-time buyers at particular risk How to protect yourself from conveyancing scams • Verify payment instructions – confirm payment instructions with your solicitor in person, or over the phone using a phone number you trust, not from an email or invoice. • Be wary of changes – solicitors very rarely change their bank account details • Secure your email – use strong, unique passwords and enable two-factor authentication on all your email accounts • Avoid bragging online –  don’t shout about your property purchase on social media • Don’t be pressurised – fraudsters will try to put pressure on you to make a payment at short notice or risk the deal falling through. • Pay attention to warnings – your bank might provide a warning about the payment, especially if the name of the account you’ve entered doesn’t exactly match the details of the receiving account.

🚨 Breaking News from Graceland! 🚨 🕵️♂️ Investigation Heating Up: An ongoing probe by the Tennessee Secretary of State, alongside the FBI and Attorney General, dives deep into the murky waters of the alleged Graceland foreclosure scam, spotlighting suspicious notarizations! Stay tuned as this unfolds... 📜 Crucial Suspension: In a decisive move, the notary public at the heart of these dubious transactions has been suspended, pending investigative results. This development marks a significant turning point in the pursuit of justice! 🏠 Graceland Speaks Out: Elvis Presley Enterprises has officially denied any involvement in the scam, committing to full cooperation with the ongoing investigation. Transparency and integrity remain their top priority! 👥 Victims Step Forward: Reports are pouring in from several individuals who claim to have been unfairly targeted by foreclosure notices, despite no due mortgages. Their courage in coming forward brings critical attention to the issue! ⚖️ Legal Repercussion: The battle lines are drawn as victims seek justice through legal avenues, filing lawsuits against those allegedly behind the scams. The fight for accountability is on! 🔍 What does this mean for the integrity of notarial acts across the country? How can institutions ensure such breaches of trust are prevented in the future? Share your thoughts below! 👉 Let’s foster a discussion on maintaining the sanctity of legal and notarial processes! How can transparency be ensured in all notarial acts to prevent fraud? #GracelandScam #LegalNews #ForeclosureFraud #JusticeSeekers #NotarialIntegrity #InvestigationUpdate #CorporateTransparency #LegalAction #DailyJustice #ThoughtLeadership 👀 Stay vigilant and stay informed! 🌟

Did you know that deed fraud is on the rise? As an online notary, I can help safeguard your property by ensuring all transactions are securely notarized. Our remote services mean you can get your documents notarized from anywhere, adding an extra layer of protection against fraud. Contact us today to learn more about how we can help! 🌐🖊️ #Notary #DeedFraud #OnlineNotary #PropertyProtection #SmokyMountainNotary