Lithuanian Pleads Guilty To Stealing $100 Million From Google, Facebook (bleepingcomputer.com)

schwit1 writes: Evaldas Rimasauskas, a Lithuanian citizen, concocted a brazen scheme that allowed him to bilk Facebook and Google out of more than $100 million. The crime defrauded Google of $23 million and Facebook of $99 million. Rimasauskas committed the crimes between 2013 to 2015, an indictment was issued in 2017, and he was formally indicted Wednesday in New York after he pleaded guilty to wire fraud, aggravated identity theft, and three counts of money laundering.

"As Evaldas Rimasauskas admitted today, he devised a blatant scheme to fleece U.S. companies out of over $100 million, and then siphoned those funds to bank accounts around the globe," said U.S. Attorney Geoffrey S. Berman in a DoJ press release. How did he do it? The indictment reveals that he simply billed the companies for the amounts and they paid the bills. Rimasauskas was able to trick company employees into wiring the money to multiple bank accounts that he controlled and had set up in institutions in Cyprus, Lithuania, Hungary, Slovakia, and Latvia.

Comments

Unlimited greediness is your enemy

[hcs_$reboot]

The guy could have stopped after a few weeks and enjoy a few millions bucks abroad. No he had to want more and more. Until he's caught.

Re:Unlimited greediness is your enemy

[ArchieBunker]

With that much money you'd think he could afford a new identity in a country without extradition.

Re: This is a scam that actually works

[Anonymous Coward]

Sounds more like your uncle is laundering money that ultimately makes it to his cayman islands account after being routed through these obscure shell companies.