$100M Scam Shows Even Facebook and Google Aren't Immune to Simple Cons

From thestreet.com

A new report has revealed that two of Silicon Valley's top internet companies fell victim to a shadowy payments scam that went on for two years and cost them as much as $100 million. Between 2013 and 2015, Facebook (FB) and Alphabet's (GOOGL) Google wired money to what they believed was a large Asian-based manufacturer charging them for computer supplies after their accounting departments received forged emails, invoices and corporate seals, according to Fortune. The scheme was originally brought to light in March when the Department of Justice and the FBI announced they had arrested a Lithuanian man who had duped a ... (full story)