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Mar 25 - Scammer sent phony bills to Facebook and Google and they paid out $122 million



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icon Mar 25 - Scammer sent phony bills to Facebook and Google and they paid out $122 million
 

 
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A Lithuanian man pleaded guilty to wire fraud, aggravated identity theft and money-laundering charges last week after admitting to bilking $99 million from Facebook and $23 million from Google by sending the companies bogus invoices that they honored and paid out.
Evaldas Rimasauskas’ scam was brazen. He spoofed emails from executives at the companies and sent “forged invoices, contracts, and letters that falsely appeared to have been executed and signed by executives and agents of the Victim Companies.

These "bore false corporate stamps embossed with the Victim Companies’ names, to be submitted to banks in support of the large volume of funds that were fraudulently tr@nsmitted via wire tr@nsfer,” according to the indictment.
Rimasauskas operated his big-time con from 2013 to 2015.

According to court documents, no one at Facebook or Google checked to see if the invoices and purchase orders Rimasauskas sent were legitimate.

Rimasauskas got away with it for so long by making an LLC in Latvia that had the same name as Chinese computer manufacturer Quanta Computer Inc.

As part of his plea deal, Rimasauskas will hand over $50 million. He is also known to have laundered money in Cyprus, Lithuania, Hungary, Slovakia, and Latvia. He will be sentenced over the summer and faces up to 30 years.
“As Evaldas Rimasauskas admitted today, he devised a blatant scheme to fleece U.S. companies out of over $100 million, and then siphoned those funds to bank accounts around the globe,” Manhattan U.S. Attorney Geoffrey S. Berman wrote in a Justice Department press release containing the unsealed indictment from March 21, 2017.

 https://www.nydailynews.c .. jgi-story.html
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