Showing posts with label Scam. Show all posts
Showing posts with label Scam. Show all posts

2 Internet Giants Were The Victim of $100M Payment Scam

The journalists of Fortune held own investigation and shed light on the new details of a large-scale fraud, which came to light in March 2017. Then the US Department of Justice reported that 48-year-old Evaldas Rimasauskas (Evaldas Rimasauskas) was arrested in Lithuania, who is accused of that he had cheated two major technology companies, whose names were not disclosed, assigning more than 100 million dollars.

Rimasauskas  fraudulent scheme was much more sophisticated than a Nigerian spam, and other well-known techniques.



Rimasauskas made himself a fraud by the loot he established as the authority of the company producing legal computer equipment in Asia. He wanted money by sending an e-mail to senior executives of companies that regularly work with the manufacturer.

Law enforcers explained that the attacker has registered in his native Lithuania business, and the company name was exactly the same as the name of a certain Asian iron producer.

For this company Rimasauskas also opened a bank account in Latvia and Cyprus.

In the period from 2013 to 2015 Rimasauskas successfully posed as a producer of iron, using the fact that his own company called the same way. Using mail spoofing and forging invoices, contracts and letters, the attacker was able to deceive the employees affected companies and even representatives of the banks, forcing them to make major cash transfers to his account.

After receiving the money, Rimasauskas quicly did withdrawal of funds to other banks in six different countries, including Latvia, Cyprus, Slovakia, Lithuania, Hungary and Hong Kong.

Fortune reported that the conman posing as a representative of the Taiwanese company Quanta Computer, and its victims were employees of companies Google and Facebook. 

That's two technical giants Rimasauskas managed to scam for more than 100 million dollars.

Representatives of both companies did not deny the incident and gave the journalists the following comments:

Facebook back most of the money shortly after the incident and assist law enforcement agencies in the investigation," - said representatives of the social network
We have found fraud in relation to our department on work with suppliers and immediately notified the authorities. We have already returned their money and pleased with the way everything was resolved, "- say representatives of Google.

Evaldas Rimasauskas itself is still in custody in Lithuania, but has denied all the accusations and is fighting against ekstradatsii in the United States.