in this issue

By Lisa A. Tyler
National Escrow Administrator

Remember the article entitled "BOAT for sale" which appeared in the July 2014 issue? Apparently not everyone does because an office almost fell for the same scheme. The office opened the escrow, accepted in the deposit and was ready to disburse against uncollected funds when one phone call stopped the fraud from occurring. Read "EXCAVATOR for sale" for details on all the red flags.

Email compromise fraud schemes are schemes in which criminals compromise the email accounts of victims and send fraudulent wire transfer instructions to financial institutions in order to misappropriate funds. Many of our offices have been the target of this crime. Investment Property Exchange Services, Inc. (IPX1031®) is no different. Read "EVERYONE is a target" to find out how Lou Ninios, Exchange Coordinator, saved IPX1031 from a big loss.

This month's notary–know–how article is entitled "IDENTIFYING the signer," it contains valuable information for commissioned notaries on types of acceptable identification that can be relied upon at the time of signing.

Be sure to answer the monthly notary question to make certain you understand the tips shared to increase your "notary know how!"

REMINDER: If you share Fraud Insights articles via Facebook® please remember to do so utilizing your cellular phone.


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