UC San Diego nurse and chef lose $774,631 in escrow scam

CARLSBAD, Calif. — The American dream turned into a nightmare for a young San Diego couple after losing nearly $800,000 in an escrow scam. 

Kevin Noar, a chef, and Nicole, a UC San Diego nurse, were prepared to put down their life savings on their dream house in Carlsbad, only to fall victim to a sophisticated wire-transfer scam. 

"It's everything that we have," Nicole said. "It is everything that we have and it's just gone. It still doesn't even feel real to me."

"It is a nightmare, a total nightmare," said Kevin.

Earlier this week, they received an authentic-appearing email with detailed instructions to wire their funds into escrow.

"It all matched up with everything we had received, so we proceeded with everything," Nicole said. 

They transferred the money as instructed: $774, 631.

It wasn't until days later that they realized something was terribly wrong when they reached out to the escrow company to ask about a slight discrepancy in numbers.

"And then they kind of realized, hey wait a minute... you wired money? When did you wire it?" said Nicole.

The couple quickly contacted the FBI, which they say has been able to track the nearly $800,000 from California to Texas now to Singapore.

"They said most likely, It's just been disbursed, it is gone. it is untraceable," she added. 

GoFundMe page has been set up to help the couple recover some of the money lost. 

I will be posting more information on how to avoid this from Escrow and Title Company. Along with tips home buyers can do to avoid being a victim.

Steve Guzman

The Guzman Group   

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