Episode 113: Real Estate Wire Fraud: How It Happens—and How to Stop It

This episode of Building Knowledge takes a closer look at the growing threat of online fraud in real estate transactions—and what industry professionals and consumers need to know to stay protected.Joining the conversation are Tom Linehan, Executive Vice President and Director of the National Deposits Group at Apple Bank, and Anastasios Papaioannou, Assistant Vice President of the same division. Together, they break down how these fraudulent schemes originate, when they typically surface during a transaction, and who is behind them. The discussion also covers the latest financial impact of these crimes, practical steps to prevent and respond to fraud, and why education and immediate reporting to law enforcement are critical in stopping these activities.If you think wire fraud is “someone else’s problem,” this episode may change your mind—quickly.