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A Lithuanian Man Arrested By FBI, For Stealing $100 Million from 2 US Tech Companies

 

Last week, Evaldas Rimasauskas (48 Years Old) named Lithuanian man has been arrested by the FBI for wiring $100 Million to bank accounts through a fraudulent Email Scam. Rimasauskas scammed two United State based tech companies for this. The FBI arrested him in Lithuania on the basis of a provisional arrest warrant. He had run this email scam between 2013 and 2015, to wire millions of USD into his bank accounts. One of the victim company is a multinational company with headquarters in the US, who deals in Internet services and products. The second victim company is providing social media and networking services.

 

How Did He Manage This Scam?

It is an interesting story. There is an Asian Company which is a manufacturer of computer hardware components. Both the victim companies are in direct business with this Asian company. Both the companies are purchasing computer components from this Asian company.

 

Rimasauskas registered a company in Latvia with the same name as that Asian company. Then he opened maintained and controlled accounts on the name if the company in banks of Cyprus and Latvia. After that, he started his email scam. He started sending phishing emails to the victim companies on the behalf of legitimate Asian company. Because the fake company was registered by him with the same name as that Asian company, the victims were taking those phishing emails as legitimate.

 

These phishing emails were fake invoices in actually. The victim companies were thinking that it is the invoice of the goods and products which they had bought from the legitimate Asian company. A number of multi-million USD transactions have been done the victim companies in the fraudulent bank accounts of Rimasauskas. It seems like, the scammer did complete research on the both victim companies to know about their clients and suppliers.

 

Report of US Attorney Office

According to the Southern District of New York’s US Attorney Office, “When the victim companies were wiring money into Rimasauskas’s bank accounts, he was quickly transferring that money into various bank accounts around the world. Various banks of Latvia, Hong Kong, Cyprus, Hungary, Lithuania, and Slovakia are on the list. Besides this email scam, Rimasauskas was also using illegal and forged invoices, fake letterheads, fake contracts and forged stamp papers of victims companies into banks to manage the multimillion USD transactions. During this email scam, Rimasauskas managed to steal a sum of $100,000,000 USD from the victim companies.”

 

Charges Against Evaldas Rimasauskas

It is not clear that how much years he is going to spend in the prison. As usual, the maximum potential sentences will be determined by the Judge. The court has charged Rimasauskas with:

  • One count of Wire Fraud
  • One Count of Aggravated Identity Theft of Victim Companies
  • Three Counts of Money Laundering.

 

The US Attorney Joon H. Kim said that all the other companies should learn something from this incident. The companies should aware their employees about these type of phishing scams. A single man successfully stole $100 Million from two big technology companies. The interesting fact is, the money had been transferred by the companies with their hands. On the other hand, this arrest is also a warning for all the other cyber criminals.

 

Also Read:

Nigerian Mastermind Behind Online Fraud of $60 Million, Has Been Arrested By INTERPOL!

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These Hackers Are At Top In The Wanted List of FBI!

backlink chất lượng It is an interesting story. There is an Asian Company which is a manufacturer of computer hardware components. Both the victim companies are in direct business with this Asian company. Both the companies are purchasing computer components from this Asian company.

Nov 7, 2017

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