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Hacker gets 10 years for stealing $20M in home buyers’ down payments (arstechnica.com)

submitted 2 weeks ago by shoulderoforion@fedia.io to c/technology@lemmy.world

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Instead of celebrating a closing, some US home buyers lost everything.

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[–] simplejack@lemmy.world 3 points 2 weeks ago

Oof. I can’t imagine how devastating it would be to lose a down payment. Many people, especially first time home buyers, are throwing every spare bit of savings, and need to borrow money from friends and family, for that payment.