122 MILLION DOLLARS FACEBOOK SCAM

𝘾𝙐𝙍𝙏𝙀𝙎𝙔 𝙊𝙁

𝙊𝘽𝙄𝙏𝙀𝘾𝙃 𝙏𝙀𝘾𝙃𝙉𝙊𝙇𝙊𝙂𝙔

The $122 Million Facebook Scam

Evaldas Rimasauskas, a Lithuanian national, orchestrated a sophisticated scam that targeted Facebook and Google, two of the world's most prominent tech companies. Between 2013 and 2015, Rimasauskas posed as Quanta Computer, a Taiwanese hardware manufacturer that supplied both companies with computer hardware.

𝙏𝙃𝙀 𝙎𝘾𝘼𝙈

Rimasauskas sent fake invoices to Facebook and Google, requesting payments for goods and services that were never actually provided. The invoices were convincing, and both companies paid up, thinking they were settling legitimate bills.

༺ Facebook paid $99 million

༺ Google paid $23 million

The total amount scammed was $122 million. Rimasauskas controlled bank accounts in Latvia and Cyprus, where the money was deposited.

𝙏𝙃𝙀 𝙄𝙉𝙑𝙀𝙎𝙏𝙂𝘼𝙏𝙄𝙊𝙉 𝘼𝙉𝘿 𝘼𝙍𝙍𝙀𝙎𝙏

The scam was eventually discovered, and an investigation was launched. Rimasauskas was arrested in March 2017 at JFK Airport in New York.

𝙏𝙃𝙀 𝙑𝙀𝙍𝘿𝙄𝘾𝙏

Rimasauskas pleaded guilty to wire fraud and was sentenced to 60 months in prison. He was also ordered to:

༺ Forfeit $49.7 million

༺Pay nearly $26.5 million in restitution

The case highlights the importance of vigilance and due diligence in business transactions, even with seemingly legitimate companies.

𝙇𝙀𝙎𝙎𝙊𝙉 𝙇𝙀𝘼𝙍𝙉𝙀𝘿

This scam serves as a reminder to companies to:

༺ Verify the authenticity of invoices and payment requests

༺ Implement robust internal controls to prevent such scams

༺Conduct thorough background checks on suppliers and vendors

By being aware of these risks and taking steps to mitigate them, companies can reduce the likelihood of falling victim to similar scamsHere's the whole story:

ℂ𝕪𝕓𝕖𝕣𝕤𝕖𝕔𝕦𝕣𝕚𝕥𝕪 𝕤𝕡𝕖𝕔𝕚𝕒𝕝𝕚𝕤𝕥

@𝕠𝕓𝕚𝕥𝕖𝕔𝕙 𝕥𝕖𝕔𝕙𝕟𝕠𝕝𝕠𝕘𝕪