This article appeared in the September 2013 issue of TitleNews.
Cyber Criminals Steal More Than $1.5 million from California Escrow Company.
California-based Efficient Services Escrow Group was shut down by the state after cyber criminals stole more than $1.5 million from the firm's trust account and wired the money to China and Russia.
In a petition filed in Orange County Superior Court, the California Department of Corporations (DOC) said the thieves first wired $432,215 to an account in Moscow on Dec 17, 2012. Then, the criminals wired more than $1.1 million on Jan 24 and 30 to a trade . . . [more]