The Dangers of Wire Fraud - Tips to Avoid the Scam

The Perfect Property with Juli St. George
Guest: Kevin Murphy, Fryer Law Firm – Atlanta, GA

Summary:

In this essential episode of The Perfect Property, Juli sits down with Atlanta native Kevin Murphy, a seasoned real estate attorney at the Fryer Law Firm, to tackle one of the most pressing threats facing buyers, sellers, and agents today: wire fraud in real estate transactions. As the digital world becomes more intertwined with real estate, so too do the risks — and Kevin offers both clarity and caution.

With real-world examples pulled straight from the trenches of the closing table, Kevin helps demystify how wire fraud scams happen, the tactics fraudsters use to deceive, and why no one is immune — not even seasoned pros. Whether you’re an agent, a buyer, or simply curious, this episode gives you the tools to recognize red flags and avoid becoming a statistic.

Armed with eye-opening national statistics and frontline experiences, Kevin lays out practical steps every party can take to protect themselves during a transaction. From best communication practices to legal recourse when something feels off, this conversation is a must-listen for anyone involved in real estate today.

What You’ll Learn:

· How wire fraud scams typically unfold during a real estate transaction – and what signs to watch for.

· Shocking statistics that show how common these scams are in today's market.

· Best practices for secure communication and fund transfers.

· The role title companies and attorneys play in preventing fraud.

· Who to contact and what to do immediately if you suspect suspicious activity during a transaction.

Contacts & Further Resources:

· Learn more about Fryer Law Firm: https://fryerlawfirm.com

· For immediate help or legal advice, contact Kevin Murphy via [email or phone from the firm’s site].

· [Link to a downloadable checklist for wire fraud prevention – if available]

· Report suspicious wire activity to FBI’s Internet Crime Complaint Center (IC3): https://www.ic3.gov

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