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NextGen Magazine

 
 

Man Arrested for Role in Using Fraudulent Invoices to Bilk Tech Companies Out of More Than $100M

By:
Chris Gaetano
Published Date:
Mar 25, 2019
iStock-949207990 Fraud Accounting Invoice

A Lithuanian man was arrested for his involvement in a relatively common scam on a relatively uncommon scale: using fake invoices to trick tech giants like Google into giving out more than $100 million, according to the New York Times. The man, Evaldas Rimasauskas, coordinated with other as-of-yet-unnamed parties to pose as Quanta Computer, a Taiwan-based hardware company. The group would then send invoices to large tech companies that had done business with Quanta before, directing them to deposit the funds into the company's accounts. Once the money was secure, it would then be transferred to another group of accounts located throughout the world, using other forged documents to reassure the banks. For this, Rimasauskas was extradited to the United States, where he pleaded guilty. He could face up to 30 years in prison. His lawyer, Paul D. Petrus Jr., told the Times that he did not know who else was involved and whether they will also be charged. Petrus also said that Rimasauskas was not a particularly large player in the scheme.