The scheme has worked for more than two years, but now the man faces up to 30 years in prison.
Lithuanian Evaldas Rimasauskas (Evaldas Rimasauskas) deceived more than $ 100 million from Google and Facebook. He sent companies fake bills for services and products that they did not receive, and demanded payment. Fraud lasted from 2013 to 2015, but the details of the case became known only in March 2019 from a report by the US Department of Justice.
How the circuit worked
According to the American department, the basis of the Rimasauskas scheme was the company Quanta Computer Inc, which it registered in Latvia. Its name corresponded to the name of the Chinese manufacturer of components.
Using the similarity of names, Rimasauskas made Facebook and Google employees believe that his company is their contractor. To do this, the fraudster, including forged e-mail addresses, fabricated contracts, invoices and correspondence with corporate employees.
The man also used documents certified by fake stamps of organizations – a man provided them to banks to approve translations. For money laundering, he also opened several accounts in banks in Cyprus, Lithuania, Hungary, Slovakia and Latvia.
After successfully receiving funds, Rimasauskas transferred them to accounts in different countries to hide the money trace. According to Reuters, from 2013 to 2015 in this way the fraudster received $ 23 million from Google and almost $ 100 million from Facebook.
The report of the US Department of Justice did not disclose the names of the affected companies, but Google confirmed the publication of Bleeping Computer, which became a victim of the Rimasauskas scheme. Representatives of the company noted that they discovered fraud and reported it to the authorities. In Google explained that they returned back the stolen funds.
What threatens the organizer of the scheme
On March 20, Rimaasauskas pleaded guilty to fraud, identity theft and three money laundering cases. He agreed to pay the United States 49 million 738 thousand 559 dollars – this is the sum of the income that he received personally under the first article of the charge (“electronic fraud”).
If the court finds Rimasauskas guilty on all three charges, he faces up to 30 years in prison. The next man’s hearing is scheduled for the morning of July 24, 2019.
In total, since 2016, due to the use of such schemes, fraudsters got more than three billion dollars in fraud. According to the FBI, this type of fraud is one of the most unprofitable for companies.