Lithuanian Man Pleads Guilty In $100 Million Fraud Against Google, Facebook (#GotBitcoin?)
A Lithuanian man pleaded guilty to his role in a complex wire fraud scheme that resulted in the theft of over $100 million from Alphabet Inc.’s Google and Facebook Inc., prosecutors said Wednesday. Lithuanian Man Pleads Guilty In $100 Million Fraud Against Google, Facebook
Evaldas Rimasauskas, 50, pleaded guilty to one count of wire fraud in connection with a scheme that duped the two tech giants into wiring millions of dollars into foreign bank accounts between 2013 and 2015, according to prosecutors in the Southern District of New York. He also agreed to forfeit about $49.7 million he obtained in relation to the wire fraud charge, according to court records.
Mr. Rimasauskas orchestrated the scheme by creating a company in Latvia with the same name as a hardware manufacturer with which Google and Facebook regularly did millions of dollars in business, prosecutors said. He then sent email messages to employees at the two companies, directing them to wire payments for bills Facebook and Google legitimately owed into bank accounts Mr. Rimasauskas controlled in Latvia and Cyprus, prosecutors said.
A Google spokesman said Wednesday that the company alerted authorities to the fraud after the company detected it and has recouped the funds. Facebook recovered most of the funds and has been cooperating with the investigation, a company spokeswoman said in a statement.
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