What to Do if You’re A Victim of Commercial Real Estate Fraud img

What to Do if You’re A Victim of Commercial Real Estate Fraud

calender icon 11/22/2022    poster icon  Mark Goodman

There are many things you can do to prevent wire fraud during a commercial transaction. But what should you do if you’ve been defrauded? In this article, we are going to offer a few actionable tips for what to do if you’re a victim of commercial real estate fraud.

Contact Your Financial Institution

If your funds are erroneously transferred to a fraudulent account during a commercial real estate transaction, it’s very important that you act quickly. The first step is to contact your financial institution and request that they contact the corresponding bank or financial institution in order to try to recover funds.

Contact the FBI

It’s also important that you reach out to the local office of the Federal Bureau of Investigation especially if the wire had just happened. They may be able to help return or freeze the funds so that you don’t lose your money entirely. Regardless of the amount that’s lost you should file a complaint. You can go to the website www.ic3.gov. There they will ask for a great deal of information about who sent the wire where it was going, what the information was about the various bank accounts involved.

These federal agencies are looking to help protect you and to enforce the laws to make sure that our financial systems remain secure and that people are protected and recover their loss when they can and let the people perpetrating these frauds are appropriately charged and dealt with through the criminal justice system.