How did a thief scam Facebook and Google out of 100 million dollars with fake bills ?

Evaldas Rimasauskas defrauded a total of 122 million dollars just by asking Facebook and Google..

A man defrauded Facebook and Google of more than $100 million by emailing them to ask for money.

Well, it’s not easy, but it’s a bold – but effective – way to cheat two tech companies out of $122 million – until he gets caught.

Evaldas Rimasauskas, from Lithuania, and other unnamed individuals founded a computer and electronics company in Taiwan called Quanta Computer..

Between 2013 and 2015, Rimasauskas submitted loan requests from Quanta Computer to Facebook and Google – loans to Google totaling $23 million and those to Facebook $99 million.

Since both companies have done business with Kanta Computer in the past, they collected the money thinking they were paying for legitimate services, but instead the money was sent to bank accounts in Latvia and Cyprus held by Rimasauskas. Checked and transferred. , the United States Attorney’s Office for the Southern District of New York said.

To explain how much money went into the banks, Rymasauskas used fake invoices, contracts and letters signed by executives and representatives of Google and Facebook..

As reported by IGN, the most surprising part of this plan is that none of the companies look at the accuracy of the numbers – they paid the money.

It takes a pretty good look to cheat – and for good reason. In 2017, at the age of 50, Rimasauskas was arrested by Lithuanian authorities before being extradited to New York.

He pleaded guilty to one count of wire fraud and was sentenced to 60 months in prison in 2019 for his criminal scheme.

During sentencing, U.S. District Judge George Daniels also ordered Rimasouskas to serve two years of supervised release, forfeit $49.7 million and pay nearly $26.5 million in restitution.

In short, his house of cards is down — but the fact that he was gone for so long is a big warning to tech companies about cyber security..

U.S. Attorney Jon Kim said at the time of Rimasauskas’ arrest, “This case should serve as a wake-up call to all companies — even the most sophisticated — that they can defeat phishing attacks. cyber crime.” n
“And this arrest should serve as a warning to all cybercriminals that we will do our best to track them down wherever they are and hold them accountable.

” The charges and arrests in this case thanks to the above actions. . The FBI and cooperation between the targeted companies and their financial institutions made it possible.

“We thank the companies and their banks for their swift action. Because of their swiftness and cooperation with law enforcement, not only are the charges announced today, but a large amount of stolen money was recovered.”.