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Hacker gets 10 years for stealing $20M in home buyers’ down payments (arstechnica.com)

submitted 3 weeks ago by shoulderoforion@fedia.io to c/technology@lemmy.world

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Instead of celebrating a closing, some US home buyers lost everything.

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[–] shoulderoforion@fedia.io 53 points 3 weeks ago (10 children)

Insert Nigerian scam joke here.

"To seize large down payments on homes, Ayeni and co-conspirators sent phishing emails to US title companies, real estate agents, and real estate attorneys."

How are these professionals not ultimately responsible in making the consumer, who seems to have done nothing wrong but trust state licensed companies and real estate individuals, whole?

[–] PhobosAnomaly@feddit.uk 16 points 3 weeks ago

I suspect the answer lies in paragraph 4, where I'm making the assumption that the scammers make contact directly with the buyers, and invite a payment to be made to the scammers rather than the brokers.

I suppose in a strictly legal sense, the brokers are off the hook then as they've no idea the scammers have asked the buyers to send a payment.

It's scummy as fuck all round.

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