Shark Tank’s Barbara Corcoran gets back almost $400k after Phishing Scam

Earlier this month, Barbara Corcoran was cheated out of nearly $400,00 in a phishing scam.

The scammers instructed her bookkeeper to forward funds to a company they claimed was designing a building in which she’d invested in. Corcoran’s accountant thought the email address belonged to her assistant.

She revealed on Friday that the German bank used to transfer the money to Asia froze the funds and returned it to her. She told Daily Mail TV that the scam was “so simple and so well-executed”.

Corcoran spoke of her embarrassment at being conned out of cash saying she felt “sick to my stomach” when the scam emerged. She said her company had been targeted by a scam around six months ago and she believes they “came back for a second shot”.

The scheme was pulled off using an email address that was identical except for one character.