Essentially, criminals who commit escrow fraud convince homebuyers that their money will be covered and they ask customers to submit money using unusual means.
How is this done?
Well, while escrow scam artists often set up their own fake escrow services by creating a false website, social media platform etc, they also often scam consumers by exploiting the names of well-known businesses to perpetuate the scam, such as eBay, PayPal, Amazon.com, or Apple.
So they create a legitimate-looking website either made entirely by themselves, or they use a well-known online payment method service to ease the buyer into a false sense of security so that they can have the money wired to them.
