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Wire Transfer Fraud: Single mom loses savings in wire transfer fraud

HOUSTON, Texas (KTRK) – A Houston credit agency is warning potential home buyers after saying a customer was cheated out of almost $40,000 when she tried to close her new home.

“They stole all my mother’s savings,” said Aramatzi Matias. “It was difficult to understand what was going through their minds.”

Matias says her mother worked two jobs for years and saved as much as she could as a single parent.

Eventually, with enough money saved, they found a home for their small family that they could finally call their own.

Matias was with her mother at the graduation date. They all smiled until the title company said they never received the down payment or the closing costs.

“She received a suspicious email and basically they were asking for funds to be transferred. Unfortunately, she was the victim of this email,” said Waseem Bari, District Manager of Triumph Lending.

“The single mom who worked two jobs lost nearly $40,000 to wire fraud,” Bari said.

“You don’t see how tough a person can be to make all this money. They just take it away,” Matias said.

“She’s worked her whole life to save that money for the American Dream. The American dream is to own a home. She was moments away,” Bari said. “She called me crying, in tears, devastated.”

Bari says whenever you transfer large sums of money, do so in person using a bank draft. Always avoid wire transfers.

“Referral fraud is real and unfortunately in our industry we see it more often than we would like,” said Bari.

Bari advised: if you can’t be there in person, double and triple check account and routing numbers directly with the company. Never trust an email or someone calling you claiming to be an employee.

Bari and his team were able to salvage her client’s home loan and she will close the dream home again next week, but she’s still nearly $40,000 short.

This lending team set up a GoFundMe account to try to recoup their lost savings.

To learn more about this story, follow Shelley Childers on Facebook, Twitter and Instagram.

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https://abc13.com/triumph-lending-wire-fraud-stolen-money-dont-fall-victim/11644579/ Wire Transfer Fraud: Single mom loses savings in wire transfer fraud

Dais Johnston

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