WITN  | Greenville, NC  | News, Weather, Sports

Escrow Fraud

The Better Business Bureau is sounding the alarm about something called "escrow fraud." the Bureau says escrow fraud victims are usually preyed upon when they're shopping for a big purchase online, especially a used car. They find a deal that sounds too good to be true. It could be a car that is several thousand dollars below blue book value. The seller will tell the potential buyer to use a specific escrow company to protect their both interests. The escrow company requires that payment be wired through a money-wiring company, and says then the car will be delivered. After wiring the money to a phony escrow service, the buyer never gets the car and can't get in touch with the company. Remember, when you wire money, it can't be traced on the other end.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
WITN

275 E. Arlington Blvd. Greenville, NC 27858 252-439-7777
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 19710534 - witn.com/a?a=19710534