By David Lazarus

Think your email, and your money, are safe? Think again.

Earlier this year, the FBI warned that "cyber-criminals are compromising the email accounts of U.S. individuals and businesses" and using the accounts to arrange fraudulent cash transfers.

Lake Arrowhead resident Bernie Williams never saw that warning. Nor did he think anything like this could happen to him.

Now he's $8,629 poorer.

"It's such a sophisticated scam," Williams, 70, said with grudging admiration. "If it wasn't a crime, I'd give the guy an Oscar."

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Source: The Los Angeles Times