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Tech & Science 'Shark Tank' star Barbara Corcoran says she was swindled out of nearly $400,000 in a phishing scam

18:10  27 february  2020
18:10  27 february  2020 Source:   businessinsider.com.au

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Barbara Corcoran Loses Almost $ 400 , 000 in Phishing Scam . Shark Tank ‘s Barbara Corcoran has been scammed out of almost $ 400 , 000 after her office unknowingly became a victim of a phishing scheme “I lost the 8,700 as a result of a fake email chain sent to my company,” Corcoran says .

Shark Tank judge Barbara Corcoran has been cheated of nearly $ 400 , 000 after a phishing scam instructed her bookkeeper to forward to funds to fraudsters. The 70-year-old businesswoman fell victim last week when her accountant Christine received an email chain that appeared as if it included her

Barbara Corcoran posing for the camera: Barbara Corcoran on July 11, 2019. Barbara Corcoran on July 11, 2019.
  • "Shark Tank" star and Corcoran Group founder Barbara Corcoran told NBC News that she lost $US388,700 in a phishing scam on Wednesday.
  • She said her bookkeeper had received an email from an address appearing to be Corcoran's assistant approving a $US388,700 real estate renovation.
  • The bookkeeper sent the money and only realised it was a scam when she sent a confirmation email to Corcoran's assistant.
  • The phishing email was one letter off from Corcoran's assistant's actual email.
  • Visit Insider's homepage for more stories.

"Shark Tank" star and Corcoran Group founder Barbara Corcoran said Wednesday that she lost nearly $US400,000 in a phishing scam.

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The Corcoran Group founder Barbara Corcoran lost almost $ 400 , 000 on Wednesday after falling victim to a phishing scam , a type of fraud in which personal information is obtained via realistic-seeming fake emails, Corcoran confirmed to Page Six in a statement Wednesday night.

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"I lost the $US388,700 as a result of a fake email chain sent to my company," Corcoran told NBC News. "It was an invoice supposedly sent by my assistant to my bookkeeper approving the payment for a real estate renovation. There was no reason to be suspicious as I invest in a lot of real estate."

Corcoran said her bookkeeper received the email from an address that appeared to belong to Corcoran's assistant. The bookkeeper made the payment to the supposed German real estate company, FFH Concept GmbH, earlier this week, TMZ reported.

It wasn't until the bookkeeper sent an email to Corcoran's actual assistant about the payment that the scam was revealed.

"The money was wired to the scammer yesterday and my bookkeeper copied my assistant, who was shocked to see her name on the correspondence," Corcoran told NBC News. "The detail that no one caught was that my assistant's email address was misspelled by one letter, making it the fake email address set up by the scammers."

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" Shark Tank " star Barbara Corcoran was taken for nearly $ 400 , 000 after her office was the victim of a phishing scam out of China. According to TMZ, an email chain was forwarded to Barbara 's bookkeeper that appeared to show the reality TV star 's executive assistant saying that Barbara had

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Corcoran, who is believed to have a net worth of $US80 million, told Page Six that she doesn't expect to get any of the money back.

"It's true and a bummer," Corcoran said. "The scammers disappeared and I'm told that it's a common practice and I won't be getting the money back. I was upset at first but then remembered it was only money."

According to TMZ, Corcoran's team traced the phishing email back to an IP address in China. Her lawyers are trying to figure out what to do next.

  • Read more:
  • A cab driver saved a 92-year-old woman from a $US25,000 scam
  • Nobel laureate Paul Krugman said he likely fell for a phishing scam. Here's how phishing scams work and how to avoid them.
  • Alec Baldwin was duped by a common tourist rip-off in his very own hometown of NYC. Here are 10 other common scams to watch out for when travelling.
  • man looking at computer investing These are the 8 biggest scams people are most likely to fall for online

How to block emails on Gmail and report them to avoid spam and potential phishing .
You can block emails on Gmail manually if your spam folder isn't catching all of the junk emails in your inbox. You can also report emails as spam to help Google learn - or, if you're on your desktop, as phishing - if emails seem like a scam to get your money or information. Visit Business Insider's homepage for more stories. Perhaps the greatest plague of having an email address is the ridiculous numbers of spam emails that are sent out every day. Your spam folder is supposed to catch them, but even that defence can't always stand up to the constant promotional emails you may receive.

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