CyberGate IT

“Two major American tech companies were tricked by a Lithuanian man’s phishing scheme into wiring him over $100m, according to the justice department.

Evaldas Rimasauskas, 48, was arrested last week by Lithuanian authorities and charged on Monday by prosecutors in the southern district of New York. Announced on Wednesday, the charges of wire fraud, money laundering and aggravated identity theft could carry a sentence of 20 years in prison.

According to the criminal complaint, Rimasauskas posed as a computer hardware manufacturer by creating his own company, registered in Latvia, with the same name as a legitimate one in Asia.”

Read more details here.

Author: Alan Yuhas