Google and Facebook Scammed Out Of $100M

Google and Facebook Scammed Out Of $100M but say that money was recovered:

Google and Facebook were scammed out of a total of $100M by a crook sending fake invoices purporting to be from Taiwanese server supplier Quanta Computer, reports Fortune. The scam was allegedly carried out by a Lithuanian man, Evaldas Rimasauskas.

Google said that all of its money has been recovered, while Facebook said this was true of ‘the bulk’ of its funds, but questions are still being asked of both organisations …

While $100M is not a large sum in the context of the balance sheets of either company, and the bulk of the money was in any case recovered, former Securities & Exchange Commission head Mary Jo White says that this doesn't necessarily eliminate the need to report the incident.