Generative AI Allegedly Used to Facilitate $255,000 Real Estate Fraud Scheme
August 23, 2024
A real estate scam is reported to have used AI-generated phishing emails to impersonate a title company lawyer, tricking homebuyer Raegan Bartlo into wiring $255,000 to a fraudulent account. The emails were alleged to be convincing, with no grammatical errors or tone issues. Bartlo recovered part of the funds but lost $112,000.
- Alleged deployer
- unknown-scammers
- Alleged developer
- unknown-generative-ai-tools-creators
- Alleged harmed parties
- real-estate-market, raegan-bartlo, financial-institutions
Source
Data from the AI Incident Database (AIID). Cite this incident: https://incidentdatabase.ai/cite/864
Data source
Incident data is from the AI Incident Database (AIID).
When citing the database as a whole, please use:
McGregor, S. (2021) Preventing Repeated Real World AI Failures by Cataloging Incidents: The AI Incident Database. In Proceedings of the Thirty-Third Annual Conference on Innovative Applications of Artificial Intelligence (IAAI-21). Virtual Conference.
Pre-print on arXiv · Database snapshots & citation guide
We use weekly snapshots of the AIID for stable reference. For the official suggested citation of a specific incident, use the “Cite this incident” link on each incident page.