After giving up hope that someday she would see the nearly $ 400,000 that had been stolen from her during a phishing attack, Shark Tank co-host Barbara Corcoran heard that her story would come to a happy end.
The 70-year-old real estate entrepreneur says that the German bank that was used for the $ 388,700.11 transfer that trapped a scammer in one of its assistants, frozen the money before moving on to Asia.
‘I’m excited!’ Corcoran told Page six on Friday.
Barbara Corcoran has been cheated for nearly $ 400,000 in a phishing scam. Last week, fraudsters instructed her bookkeeper to forward money to a company they claimed was designing a building in which she had invested
Corcoran’s accountant thought that her assistant’s email address was so similar
“I had already accepted it and went on. Everyone told me I wouldn’t get the money back and it just seems incredible!
“I really thought it was a goner!” she told page six.
Corcoran was cheated out of the money after a phishing scam had instructed her accountant to send money to fraudsters.
Last week her accountant Christine received an e-mail chain with the data from her assistant Emily.
In the fake e-mail, the fraudsters instructed Christine to pay $ 388,700.11 to a company named FFH Concept GmbH in Germany.
Corcoran told DailyMail TV on Wednesday that the scam cost her company a lot of money because it was “so simple and so well executed.”
The schedule was drawn using an email address that was identical except for one character.
In the communication, Christine answers with the question for whom the money is.
The scammers tell her that FFH – a real company – is designing apartments in which the TV star has invested.
On Tuesday, Christine transferred the money to the account mentioned in the email.
The Corcoran team only realized what had happened after Christine Emily sent an email to her real address and the assistant suspected something was wrong.
Emily then noticed that her email address was incorrect in the previous chain.
Corcoran described the attack as a “hit and run,” with the entire scam including “only five emails.”
Corcoran told Daily Mail TV that the scam was “so simple and so well executed,” that’s why it cost her business dearly
Corcoran said that her company had been the target of a similar scam about six months ago and that she believes they “came back for a second try”
Her team had reduced the IP address to a “Chinese outfit,” which she also believed was the culprit of the previous attack. “It was a beautifully executed scam from a Chinese outfit – I suspect it was the same one that tried the first time,” she said
The self-labeled ‘NYC Real Estate Queen’ spoke about her shame because she had been taken out of the money.
“Is it more painful to lose the money or is it more painful to be embarrassed?” I would say more embarrassing that I am ashamed, but that is not true. It is painful to lose money for no reason, “Corcoran said in an interview with DailyMail TV.
She said she felt sick, almost how could that happen?
“Is this really true? It’s like you find out that a man is having an affair. ”
She added that her team was familiar with how scams work, but the fraudsters had managed to mislead them because they were “on the map of trust” between them.
It was crucial that she reassure her employees when the scam came to light, Corcoran said.
‘The first thing I told the employee was that he didn’t have to worry and it is water under the bridge. She is very responsible and I knew she would get sick and feel responsible, “said Corcoran.
“I suppose a moron was born in every crowd, and today I am that moron,” she said.
Corcoran revealed to DailyMail TV that her company was also the target of a separate scam about six months before the attack.
“I was almost scammed almost half a year ago for a little more money than that and we caught it when we were about to transfer the transfer … so I should know better,” she said.
Her team had reduced the IP address to a “Chinese outfit,” which she also believed was the culprit of the previous attack.
“It was a beautifully executed scam from a Chinese outfit – I suspect it was the same one that tried the first time,” she said.
“They came back for a second shot.”
The Corcoran lawyers are considering their next steps.
However, she said there is little chance that she will get the money back.
Corcoran appeared in good spirits earlier on Tuesday outside the Good Morning America studios in New York City. She may not have heard about the scam then
Corcoran appeared cheerful when she spoke with DailyMail TV on Tuesday about her podcast “Business Unusual.”
She spoke about what makes a good entrepreneur in business.
“Every entrepreneur is different,” she said. “The best entrepreneurs are self-directed.”
Corcoran said the best entrepreneurs “ignore her advice” while listening to their own advice.
The “worst” are those who “remove their notepad” because “they are looking for a secret formula to succeed.”
Corcoran also appeared on the Tamron Hall Show to advise on being a ‘female boss’ that morning, and was pictured waving at crowds outside the Good Morning America studios in New York City.
Before appearing on Shark Tank, Corcoran sold its Corcoran real estate company for $ 66 million.
She started the group in the 1970s with just $ 1,000 and released it in 2001.