Google and Facebook scammed out of $123 million by man posing as hardware vendor

Fifty-year-old Evaldas Rimasauskas registered and incorporated a company in Latvia with the same name as Quanta Computer, a Taiwan-based electronics manufacturing giant that which been operating since the 1980s.

Knowing that Facebook and Google used Quanta’s technology in their data centers, Rimasauskas sent emails to the firms claiming to come from Quanta with forged invoices and fraudulent contracts.

All of the messages were designed to create the false impression that they had been sent by employees and agents of Quanta but had – of course – not been authorized or sent by them at all.

Through this subterfuge, Rimasauskas successfully managed to deceive the technology giants into wiring payments into bank accounts he had set up in the bogus company’s name in Cyprus and Latvia. Upon receipt, the funds would be quickly transferred into other bank accounts at various locations around the world including Latvia, Cyprus, Slovakia, Lithuania, Hungary and Hong Kong.

Read More.. Source Tripwire

Related Post

2019-03-24T01:40:11+05:30March 24th, 2019|Categories: Facebook, FIAKS daily, Google|Tags: |0 Comments

Leave A Comment


Join our weekly Newsletter Today

Stay updated with all latest updates,upcoming events & much more.