'Shark Tank' Star Loses $400,000 in an Email Scam

Real estate mogul, Barbara Corcoran, who hosts the "Shark Tank" show lost almost $400,000 in a phishing email scam.
Published: 2/29/2020, 11:48:54 AM EST
'Shark Tank' Star Loses $400,000 in an Email Scam
Barbara Corcoran attends the Tribeca Talks Panel: 10 Years Of "Shark Tank" during the 2018 Tribeca TV Festival at Spring Studios, New York City, on Sept. 23, 2018. (Dia Dipasupil/Getty Images)

Real estate mogul Barbara Corcoran, who hosts the "Shark Tank" show, lost almost $400,000 in a phishing email scam.

The "Shark Tank" star said earlier this week she received an email in which her thought-to-be assistant approved an invoice for a renovation payment. She said to People she did not suspect the email was illegitimate because she is an investor in real estate, so her bookkeeper wired $388,700 to the bank account details included in the email address.

She then found out that the email was not from her assistant and that it was fake. Someone used her assistant's email address but misspelled it with one letter. Corcoran did not catch the error until her bookkeeper sent an email to the assistant's correct address for confirmation.

Corcoran said the scammer has "disappeared," and she acknowledged that she wouldn't be getting her money back.

Daymond John, Barbara Corcoran and Lori Greiner speak onstage at the Tribeca Talks Panel: 10 Years Of "Shark Tank" during the 2018 Tribeca TV Festival at Spring Studios, in New York City, on Sept. 23, 2018. (Dia Dipasupil/Getty Images)
Daymond John, Barbara Corcoran and Lori Greiner speak onstage at the Tribeca Talks Panel: 10 Years Of "Shark Tank" during the 2018 Tribeca TV Festival at Spring Studios, in New York City, on Sept. 23, 2018. Dia Dipasupil/Getty Images

"I was upset at first, but then remembered it was only money," Corcoran told the magazine.

Corcoran's assistant Emily Burke told CNN Business that the "Shark Tank" star wouldn't provide any additional comment "at the advisement of her attorneys until the authorities are done investigating."

However, Corcoran tweeted: "Lesson learned: Be careful when you wire money!"

Corcoran was the owner of the global real estate agency The Corcoran Group, but she sold her real estate empire for $66 million in 2001. She is currently hosting ABC's Shark Tank show.

Phishing scams are a common problem. The FBI's 2018 Internet Crime Report shows that almost 30,000 people reported being deceived by a phishing scam last year. Scammers brought nearly $50 million losses to the deceived people.

Phishing attacks are a common method of stealing usernames, passwords, and money. Hackers pretend to be a trustworthy source to convince you to share personal data. To be safe, it's important to make sure a sender is authentic before clicking on a link. Google has rolled out security protections that warn people of potential unsafe emails.

CNN contributed to this article.