Electrolux? A bit of 'Hoovering' there!
Anatomy of a business email scam: FBI dossier details how fraudster pocketed $500k+ by redirecting payments
A fraudster has admitted he tricked two suppliers into paying him more than $500,000 by impersonating staff at a subcontractor and a retail outlet via email. Kenenty Hwan Kim, aka Myung Kim, 64, pleaded guilty [PDF] in a Texas court this week to one count of conspiracy to commit money laundering. He confessed to overseeing two …
Thursday 4th June 2020 03:51 GMT Snake
Not very good
Criminals are criminals because, well, criminals are stupid. It is easy to move large sums of money from one place to another if said money is acknowledged to be paying commercial invoices, as the original misdirected payments to the thief proved.
The South African mule should have paid the small amount of funds to officially register a business entity (as, being South Africa, I would believe it to be somewhat easy). The American thief already had a business registered. Then simply send large commercial invoice requests between businesses via your corporate banking. "1,000 Item #573ETD Doodad, @$23.67/ea. Freight Onboard".
But no. I'm sure they took short cuts. Because dumb criminals are dumb.