Victor Petrescu on Wire Fraud and Real Estate Deals

Victor Petrescu is featured in a Miami Today article where he discusses the alarming rise in wire fraud schemes targeting real estate transactions and emphasizes the urgent need for stronger security measures and industry-wide awareness to combat this growing threat. Victor explains that wire fraud can be seen in a variety of situations. “Sometimes it’s when someone impersonates a borrower in a transaction or a purchaser in a transaction where they’re not actually that person. It kind of happens in conjunction with identity theft,” Victor said. Read more.