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FBI warns you could lose your house and life savings in new sophisticated scam

The Federal Bureau of Investigation is ringing the alarm bell over a shocking new scam that has already cost innocent Americans their homes and life savings.

On Dec. 4, the FBI shared the story of an Oregon family who fell victim to the scam -- a plot that had them unknowingly funneling their money to criminals.

The Cole family did everything right before having the rug yanked out from underneath them.

They bought a property, and through investment and rising market prices, eventually had something they could use to trade up for a bigger place.

The Coles sold their home and wired over $120,000 for a down payment after a title company email gave them instructions on how to send the funds. Days later, a phone call would bring their world crashing down.

Read the WND article: