😱😱In a shocking case of fraud, a man managed to scam Google and Facebook out of over $100 million by exploiting simple email phishing tactics. Between 2013 and 2015, Evaldas Rimasauskas, a Lithuanian national, orchestrated the scheme by posing as a large Asian hardware manufacturer that both tech giants regularly did business with.

Rimasauskas and his accomplices set up fake email accounts and invoices, making it appear as though they were legitimate requests for payment from the real company. The scam worked because the fraudulent invoices looked authentic and were sent to the right contacts within Google and Facebook, who unwittingly transferred millions of dollars into bank accounts controlled by Rimasauskas.

The fraud was uncovered when suspicious activities were noticed, leading to a joint investigation by U.S. authorities and European agencies. Rimasauskas was eventually arrested, extradited to the United States, and pled guilty in 2019. He was sentenced to five years in prison and ordered to forfeit $49.7 million. The case highlighted vulnerabilities in corporate payment processes and the ease with which sophisticated scams can exploit even the most tech-savvy companies.#GoogleCrypto #BinanceTurns7