We’ve all heard (but perhaps not all of us have remembered!) how online scammers worldwide have been targeting property transactions because of the substantial amounts of money involved.
But it’s not just conveyancers and property buyers and sellers who are being targeted. Anyone involved in high-value transactions, is fair game. In South Africa, for example, inverter installations are currently big business (thanks Eskom!), and online criminals have taken note.
In this article we discuss how these scams work, how to spot them, how to avoid them, and the legal aspects of who is responsible (and who must bear the loss) if you are scammed.
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