Farelf Posted September 12, 2010 Share Posted September 12, 2010 Although not mentioned in this local report - Fraud squad probes Perth housing scam - the word is the scam was operated through Nigeria with a Chinese bank in the mix and represents an extraordinary depth of identity theft, all done through the internet and by telephone. Much of the crucial detail is absent but evidently the streamlined, user friendly world of electronic transaction has managed to bypass hundreds of years' worth of checks and balances that should make such things impossible - including the final bulwark against real property fraud, the Torrens Land Title Registry and associated (physical) title deeds and certifications. The sale proceeds are probably gone forever but I guess a certain real estate agency (realtor) and a settlement agency will be having a nervous year or two. Nothing like that the unfortunate owner, Roger Mildenhall is presently having. At least he managed to stop a second property going the same way (though he is temporarily locked out, tenants sent on their way and cleaners contracted to prepare the property for the new owners!!). Preaching to the choir here of course but computer security including the practice of 'safe hex', keeping up to date with those pesky 'critical updates', secure web connection protocols and changing default passwords and all the rest of the rigmarole - and avoidance of broadcasting personal details through 'social' websites and the like - are all necessary survival skills in today's brave new world. It only takes a single 'chink in the armour' and they're in - and it is remarkable how little information is needed to start the ball rolling. There's more in the armoury of these scam artists than simple advance-fee fraud. The remarkable thing is probably that there's not more of it - probably simply down to the 'protection of the herd' aka the 'predator-prey ratio' more than any developing awareness of the general population. Reminder - it's not paranoia if they really are 'out to get you' and do, please, keep those reports coming, remembering http://www.antiphishing.org/ and similar for additional reports if you have time (and feel free to suggest other links - leading off, SCAMwatch - Report a scam for Australia). Link to comment Share on other sites More sharing options...
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