At the start of 2013, Rimasauska registered a company in Latvia called Quanta Computer, which is identical in name to that of a Hardware manufacturing company from Taiwan. A bit suspicious, right?
Then, over a period of two years, he repeatedly sent invoices (complete with fraudulent stamps, signatures, and a very large amount of corporate and legal jargon) to google and Facebook for products from his fake company that he had never sold. Sounds like a pretty stupid idea. Surely a company with some of the best legal and financial minds would just discard these fake invoices?
Well, as you probably guessed, they did not. Seemingly without questioning it, two of the biggest tech giants around transferred millions and millions to Rimasauka. He’d keep sending them fake invoices, and they would always pay up. Eventually, Rimasauska racked up a lot of cash, taking $23 million from Google and $99 million from Facebook.
He didn't stay rich for long though. Almost inevitablely, people soon caught on to him, and he is now spending five years behind bars for wire fraud.
People will always associate financial fraud with large scale, complicated and elaborate schemes — perhaps hacking into servers, or stealing confidential documents. But the interesting thing about this case is it shows that huge companies can .
Source: Quora
0 $type={blogger}:
Post a Comment