1. TechSpot is dedicated to computer enthusiasts and power users. Ask a question and give support. Join the community here.
    TechSpot is dedicated to computer enthusiasts and power users.
    Ask a question and give support.
    Join the community here, it only takes a minute.
    Dismiss Notice

Google and Facebook revealed as victims in $100 million phishing scheme

By midian182 ยท 4 replies
Apr 28, 2017
Post New Reply
  1. You may think that only the naive fall for phishing email scams, but even the biggest tech giants can be tricked into handing over cash. Back in March, it was reported that a Lithuanian man had swindled $100 million out of two unnamed US firms. Now, Fortune has revealed the victims were Google and Facebook.

    The justice department announced the arrest of 48-year-old Evaldas Rimasauskas last month. He was charged with wire fraud, money laundering, and aggravated identity theft. Rimasauskas allegedly used forged email addresses, invoices, and corporate stamps in order to impersonate Taiwanese electronics manufacturer Quanta Computer, which counts Amazon and Apple among its clients.

    "Fraudulent phishing emails were sent to employees and agents of the victim companies, which regularly conducted multimillion-dollar transactions with [the Taiwanese] company," wrote the DoJ.

    Both Facebook and Google have now admitted that they were tricked by Rimasauskas’s scheme, which took place over a two-year span between 2013 and 2015. By the time the companies wised up to what was going on, he’d stashed the money in banks across Europe.

    Facebook said in a statement: “We recovered the bulk of the funds shortly after the incident and have been cooperating with law enforcement in its investigation.”

    Google said it had “detected this fraud against our vendor management team and promptly alerted the authorities.” The search giant also confirmed it had recouped its lost funds.

    Rimasauskas continues to deny any involvement in the scheme and is currently battling against extradition to the US. If convicted, he could face decades behind bars.

    Permalink to story.

  2. stewi0001

    stewi0001 TS Evangelist Posts: 2,200   +1,625

    "Rimasauskas continues to deny any involvement in the scheme..."
    It wasn't me! It was the one arm man!
    frostyshield likes this.
  3. EClyde

    EClyde TS Evangelist Posts: 1,836   +679

    Good for him
  4. Rippleman

    Rippleman TS Evangelist Posts: 871   +393

    Could be just me, but I would not be keeping any stolen money in a bank. I don't know how you would get 100 million in cash, but in reality, as long as I had a couple million I would be fine for life on a beach in Asia somewhere.
  5. Makson

    Makson TS Booster Posts: 115   +27

    The time has come for Google, Microsoft and Facebook to back off trying to be dictatorial rulers of the computer world!

Add your comment to this article

You need to be a member to leave a comment. Join thousands of tech enthusiasts and participate.
TechSpot Account You may also...