Real Estate Cybersecurity

How $125 Million Was Stolen in a Real Estate Transaction and How RPost PRE-Crime™ Can Protect

How $125 Million Was Stolen in a Real Estate Transaction and How RPost PRE-Crime™ Can Protect

August 30, 2024 / in Blog / by Zafar Khan, RPost CEO

Story of Multi-Party Impersonation schemes; one person poses on both sides of a transaction via tactics like AI clones to siphon large sums.

Speaking to a multi-family-office real estate investor, he mentioned that his colleague mis-sent $125 million in a San Francisco commercial real estate transaction closing, with the funds ultimately routing off to Nigeria. Yes, $125 million!

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