Real Estate Wire Fraud: How the Lawlors Lost $160,000 in a Scam

The Lawlors thought they had finally secured their dream home in West Hills, but little did they know they were about to fall victim to a devastating scam. After wiring their $160,000 down payment to what they thought was their escrow agent, they soon realized they had been duped by a sophisticated business email compromise scheme.

According to FBI data, these types of scams have been on the rise, with victims losing a staggering $3 billion in 2022 alone. The Lawlors, like many others, were left with little recourse as the money was long gone. Despite considering legal action against their escrow company, Jade Escrow, they were unable to do so as the scammers had taken their life savings.

Now, the Lawlors are trying to raise money to pay off the debt they incurred from borrowing money to secure their home. They are urging others to be vigilant when conducting financial transactions and to always confirm wire instructions verbally with a trusted source.

This cautionary tale serves as a reminder that anyone can fall victim to these types of scams and the devastating impact they can have on individuals and families. The Lawlors are now left picking up the pieces and hoping to recover from this traumatic experience.