Facebook and Google duped in $100m scam

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IN MARCH, it was reported that two major tech companies were tricked by a Lithuanian man into sending him over $100m (€91m).

Evaldas Rimasauskas, 48, was charged with wire fraud, money laundering and aggravated identity theft for impersonating Quanta Computer – a Taiwanese electronics manufacturer that includes Google, Facebook and Apple as clients.

On 27 April, Fortune reported that the two victims were Facebook and Google.
Rimasauskas allegedly deceived the companies from at least 2013 until 2015.

‘Fraudulent phishing emails were sent to employees and agents of the victim companies, which regularly conducted multimillion-dollar transactions with [the Asian] company,’ the US Department of Justice (DOJ) said in a statement.

Facebook said in a statement: ‘We recovered the bulk of the funds shortly after the incident and have been cooperating with law enforcement in its investigation.’ Likewise, Google said it had ‘detected this fraud against our vendor management team and promptly alerted the authorities. We recouped the funds and we’re pleased this matter is resolved.’

The case shows just how big an issue phishing and online fraud has become, with phishing attacks conning people and companies all over the world out of significant sums of money.

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