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

submitted 3 days 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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[–] PhobosAnomaly 16 points 3 days 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.