Man Stole $122 Million From Google and Facebook by Producing Fake Bills
A man from Lithuania duped Google and Facebook of $122 million by producing fake bills and making them pay for things both companies never ordered. The companies never realized that they are paying for things they have not ordered.
Google and Facebook paid up fake invoices worth $122 million to a Lithuanian man.
Evaldas Rimasauskas from Lithuania is the man who managed to do steal from the world’s biggest tech giants by simply producing fake invoices and sending them over to both companies. Surprisingly, both companies kept on paying for around 3 years. He duped Facebook of $99 million and Google paid $23 million between 2013 and 2015 by sending fake invoices for things they never ordered.
When Rimasauskas sent invoices, he also attached fake contracts, fake letters from the company executives and other forged documents to make his claims look authentic. He posed as a vendor from a Taiwanese hardware manufacturer named Quanta Computer Inc. He even registered a fake company in Latvia to make himself look more credible. Executives at both the tech giants never thought of checking in details of this guy before paying millions of dollars.
He distributed all of the received money in different banks in Hungry, Lithuania, Cyprus, and Latvia. After losing $23 Million, last week Google found out about the fraud they were going through for so long. Evaldas Rimasauskas has pleaded guilty to Aggravated Identity Theft, US Wire Fraud, and Money Laundering Charges. He has also consented to return $50 million dollars but what will happen with rest of the $73 million is still unclear.
If charged harshly he may face prison time of 30 years for the scam. Rimasauskas will be sentenced on July 29 for the charges. Google spokesperson said, “We detected this fraud and promptly alerted the authorities. We recouped the funds and we’re pleased this matter is resolved.”
Rimasauskas will be sentenced on July 29 and he faces up to 30 years imprisonment for the scam. Meanwhile commenting on the matter, Google said, “We detected this fraud and promptly alerted the authorities. We recouped the funds and we’re pleased this matter is resolved.”
- 15 Best Free & Paid WiFi Hacker and Analysis Software For Windows XP/7/8/10
- Mozilla Tested Premium VPN Services Without Promoting
- Wherecom Kids Watches Are Unsafe, It Has Been A Month Since The Issue Was Reported To Company
- Investigation Team Submitted Their First Report In SingHealth Data Breach Revealing Many Loopholes In The Security Systems
- Top 20 Free Stock Photo Sites for Free Images Download in High Quality
- How To Make Chrome Mark All Non-HTTPS Sites Not Secure In Red Color
- List Of Top 50 Most Popular Blogs Of All Time | Most Influencing Blogs
- List Of Best Google Chrome Extensions Which Add Great Features To Your Browser