ea_rva aka acctgtaxmatters
Level 5
07-29-2022
07:56 AM
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Here are additional details:
1) transaction did not close as a result of the wire fraud
2) this would have been their 2nd vacation rental
3) they are filing a lawsuit against the law practice that handled the deal - 50/50 chance of recovering from the lawsuit; law practice had NO insurance coverage in place for this type of loss
4) $450k total funds involved, $300k recovered, $150k not recovered
5) FBI is involved in trying to recover the additional $150k as well
Thank you both!