We always came to know about some person who has been cheated by the fraudsters by any means but what if it happens to the biggest companies of the world. We can’t even think that these companies can also become the victim of such frauds. They are having so many security features and in spite of that those companies had been cheated by a person.

The world’s two biggest companies Google & Facebook had been cheated by a person for more than 1 billion rupees. A person named, Ewaldas who is from Latvia had cheated these biggest companies $122 million. According to a report by Boeing, the Latvian man cheated $23 million from Google & $99 million from Facebook.

According to the report, this person has falsified money from Facebook and Google. Now you call it negligence of Google and Facebook or a big mistake. These frauds have been done between 2013 and 2015, and both of these companies have purchased the goods without understanding any of the things that they have purchased.
This man from Latvia pretended to be Taiwan’s hardware maker Quanta Computer and registered with the same name in Latvia. After this, he sent invitations to Google and Facebook for the inventory items that he had never sold.

According to the report, he attached the contract and letter along with fake invoice, which had the signs of officials of both the companies. In addition, he also attached spoofed emails sent by Google and Facebook officials.

Google and Facebook used the wire transfer to transfer money. Under this, both the companies did not check that these invoices are fake and there is no contract.
It does not end here. After taking crores of rupees from both the companies, the person has invested money in five countries, including Europe, Latvia, Lithonia, Cyprus, Slovakia and Hungary.

Later, when Google came to know about this fraud, then the company informed the authorities about it. Google said, ‘We have found the fraud and have alerted the authorities immediately.¬†We have recovered the fudged funds and we are happy that now it has been solved.

The man who cheated more than 1 billion from Google and Facebook has now been found guilty under US Wire Fraud. Apart from this, there are charges for money laundering and identity theft. After this, he agreed to return $50 million of the stolen total amount. It is reported that again on July 29 he will be presented in court, where it is expected that he can be sent for 30 years in jail. However, it is not clear what has happened to the remaining 72 million dollars so far.

So, Dear Readers, what do you think about this? We were also shocked on knowing this. Tell us what you think in the comments and share this with your friends & family.

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