Silicon Valley exec loses $398,359.58 in real estate wire fraud

A tech industry veteran was tricked into wiring $400,000 – her life savings intended as a house down payment – to cybercriminals posing as legitimate parties in a real estate transaction.

As reported by CNBC, Rana Robillard, chief people officer at software startup Tekion, fell victim to a wire fraud scheme while attempting to purchase a home in Orinda, California. — Read the rest

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