How to Scam a Tech Giant for $100 Million

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Even the best of us are susceptible to scams that can leave us penniless and pondering. Recently, both Facebook and Google were robbed of over $100 million by a Lithuanian man named Evaldas Rimasauskas, who is 48. Although we knew last month that “two big tech companies” had been scammed, it was only just recently confirmed by Fortune that Facebook and Google were the ones involved.

Rimasauskas, the man accused of being behind the scam, supposedly pretended to be an Asia-based manufacturer that Google and Facebook purchased from. He tricked the tech giants into paying through a string of fraudulent phishing emails sent to employees at the victim companies. Nothing appeared to be out of the ordinary as the victim companies often do business with the popular Asian manufacturing company. The Department of Justice also accused Mr. Rimasauskas of participating in other fraudulent activities such as forging invoices, contracts, and letters “that falsely appeared to have been executed and signed by executives and agents of the victim companies.”

However, for Facebook and Google, this is just a drop in the bucket. Though $100 million is a lot of money, most of it was recovered. In a statement, Facebook said: “We recovered the bulk of the funds shortly after the incident and [we have] been cooperating with law enforcement in its investigation”. Google also issued a statement, saying it had “detected this fraud against [its] vendor management team and promptly alerted the authorities. [It has] recouped the funds and [it is] pleased this matter is resolved.”

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Alex Bulanov

I have always been passionate about technology! My parents used to say that I was born with a hammer in my hand (Russian saying). I make up half of the New and Improved team, along with my good friend Zach.

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