Phishing Scam Costs Facebook And Google $100 Million

Lithuanian Man Pleads Guilty to Scamming $100 Million From Facebook & Google Evaldas Rimasauskas pleaded guilty to scamming Facebook & Google out of $100 million. How did he do it? Rimasauskas emailed them and asked for it. The scheme took place between 2013-2015. How the phishing scam worked According to the U.S. Attorney’s Office of the Southern District of New York, in 2016 Rimasauskas created a company that posed as Taiwan-based Quanta Computer. Rimasauskas was the “sole member of the board of directors” of this fake company and bank accounts were set up in Latvia and Cyprus. In the scam, fake email accounts were set up to mimic employee email addresses of Quanta Computer. Both Facebook and Google regularly do business with Quanta Computer in which multimillion-dollar transactions are exchanged. The phishing emails included fake invoices to employees of the tech giants. Over the course of 2 years, Facebook and Google employees paid out over $100…

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