Beware of Wu Gregeory who is SCAMMING Realtors!

By
Real Estate Agent with RE/MAX Alliance Group BK3111936

I had an internet request from someone named Wu Gregeory from Canada that wanted to buy one of my better listings in Pelican Pointe Golf & Country Club in Venice FL and they wanted me to draft offer for them, $580,000 with $31,000 escrow close in 35 days and they wanted me to have home inspection done and added to HUD.  They emailed me the terms of the contract which seemed OK.  Mr. Gregory also wanted me to get an attorney to represent and close the transaction.  I was very skeptical but did have an open house and several people where there looking for their friends in Canada.  I Googled the name and it came up that he was a doctor so he did have the means to pay for the home (list price was $589,900).  I asked for proof of funds and he sent it to me and the bank checked out.  I still had gut feeling that this was too good to be true.  Mr. Gregeory requested that I send offer to him by DocuSign as he did not have the ability to print and email so I drafted up the offer and made appointment with my sellers. 

Still feeling something was not right I did explain to sellers not to get hopes up as I felt that this might be a scam but did not want to miss out on the opportunity should this be a real offer.  We completed the documentation and sent to Wu Gregeory by DocuSign.  I then turned over to attorney and also told them of my suspicions.  I also requested that Mr. Gregeory wire funds to attorney's escrow account and he stated he was not able to.  I think at first they thought I was a little over protective of my sellers as they could not understand what the scam could be.   Well when the check arrived it was for $350,000, not $31,000.  The scammers are hoping attorney deposit's check into escrow account and then they cancel contract and request escrow back and only later the attorney finds out that the check had been canceled and is no longer valid. 

I also found out Wu Gregeory struck again a few weeks later in Sarasota FL.  This time the attorney was able to inform the agent about the scam before it went any further and before anyone could get injured.

I feel foolish that I was not able to figure this out beforehand but am glad that in the end no one got hurt.

Posted by

Serving customers in Venice Florida, South Venice, Osprey, Nokomis Florida, Casey Key, Manasota Key, Englewood Florida, Rotonda West and North Port communities. Call me to list your home for sale, answer questions regarding steps you can take to AVOID FORECLOSURE or answer any general questions you may have about real estate.

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Topic:
ActiveRain Community
Location:
Florida Sarasota County Venice
Groups:
Club Chaos
Coldwell Banker Group
Diary of a Realtor
Posts to Localism
"Whacked"!!!

Comments 12 New Comment

Rainmaker
344,535
Michael Eisenberg
Bellingham Real Estate Broker
eXp Realty

I have had a similar scammer try me from Asia, if it's to good to be true it usually is

May 31, 2011 08:42 PM
Rainmaker
93,215
Scott Warga
ACSI American Construction Specialists & Investigations

WOW what a great post. That is one of the great things about this site, we can spread the word.

I almost feel sorry for the agents that don't use AR.

Thanks for the info.

June 01, 2011 12:40 AM
Ambassador
663,396
Ann Allen Hoover
CDPE SRES ASP e-PRO Realtor - Homes for Sale - AL
RE/MAX Advantage South

I'm like you......I would have been suspicious all along.  You have to be so careful!

June 02, 2011 09:21 AM
Ambassador
1,025,463
Dick Greenberg
Northern Colorado Residential Real Estate
New Paradigm Partners LLC

We've had several of these guys take a run at us over the last couple of years - they were easy to see coming,and I don't really understandhow this works, since no one around here is refunding money on uncleared checks. I'd think thismight have a better chance of working if it was targeted at FSBO's.

June 02, 2011 04:56 PM
Rainmaker
153,057
Kari A. Battaglia
Venice FL Realtor - RE/MAX Alliance Group
RE/MAX Alliance Group

Dick - I agree with you I don't understand why they are so persistant.  Two weeks after this happend the attorney received another contract from the same buyer and he was able to inform the agent of the scam.  They must have been successful at least one time for them to keep doing this. 

 

June 02, 2011 06:53 PM
Rainmaker
153,057

Kari A. Battaglia

Venice FL Realtor - RE/MAX Alliance Group
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