The Department of Justice just unsealed an indictment against a Lithuanian scammer who managed to trick two American tech companies into wiring him $100 million. The scammer, 48-year-old Evaldas Rimasauskas, did so by masquerading as a prominent Asian hardware manufacturer, according to court documents, and tricking employees into depositing tens of millions of dollars into bank accounts in Latvia, Cyprus, and numerous other countries. Rimasauskas was first indicted back in December, but the DOJ only unsealed the documents after arresting the man last week.

What makes this remarkable is not Rimasauskas’ particular phishing scam, which sounds rather standard in the grand scheme of wire fraud and cybersecurity exploits. Rather, it’s the amount of money he managed to score and the industry from which he stole it.

Even more important is that representatives at both companies with the power to wire vast sums of money were still tricked by fraudulent email accounts. Rimasauskas even went so far as to create fake contracts on forged company letterhead, fake bank invoices, and various other official-looking documents to convince employees of the two companies to send him money.

Rimasauskas has been charged with one count of wire fraud, three counts of money laundering, and aggravated identity theft…

I can’t believe someone as detail-oriented as this dude appears to be didn’t plan on leaving home and establishing another identity on a planet in a galaxy far, far away. Did he think no one would come looking for the $100 million? At least move someplace without an extradition agreement with the USofA.

Thanks, Barry Ritholtz

  1. NewFormatSux says:

    I’m starting to think John Podesta was the smart one. He asked the tech guys about the e-mail and they told him it was legit and to change his password. This is like robbing a police station.

  2. I Hate Microsoft says:

    Oh please! Corporate America loosing $100M? That’s POCKET CHANGE! (Or did we already forget about 2008?)

    Want a REAL (scary) story? Something that is currently affecting every human being on planet earth? A TECH nightmare currently under way? Then talk about Windows 10!

    Don’t listen to me. Go out there and see for yourself. Try starting with the “telemetry” that Windows 10 “phones home” on almost every single computer NOT running Apple’s mistake called, OSX (which probably does it too). Hell! read the Windows 10 EULA which says how YOU (the end user) agree to allow Microsoft to collect key strokes. (Pssst! it’s called “key logging.”) Now, go look at your wonderful FCC who just recently allowed ISP’s — and others — to sell your browsing history; the first of many deregulations that are surly coming our way. And for the more racist conspiracy theory nuts out there, you might even note how both Microsoft’s (new) CEO and the (new) FCC chairman are from India — right next to Pakistan where Osama Bin Ladden was caught and killed.

    … And you thought crap like this was salacious. HA! Windows 10 info leaking brings cyber crime to a whole new level. So don’t bug me about stupid people in corporate America loosing a pocket full of quarters. It’s fluff reporting intended to make you feel good about an even dumber bunch of (American) cops who couldn’t really give a shit other than posting an occasional bust that justifies their budgetary need to exist.

  3. ± says:

    Gawd! This forum is deteriorating at an accelerating pace.  😢

    Whither John C. Dvorak?


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