BEC AND REAL ESTATE WIRE FRAUD

In mid-November, the FBI released its 2022 Report to Congress on Business Email Compromise (BEC) and Real Estate Fraud.

According to the report, the Internet Crime Complaint Center (IC3) received more than $2.4 billion in BEC-related complaints in 2021, up from $360 million in 2016.

By comparison, the second largest category of dollar losses reported at IC3 in 2021 was investment fraud, with losses of approximately $1.45 billion.