Taiwan company says name used in $100 million email fraud


By Andrius Sytas and J.R. Wu

VILNIUS/TAIPEI Taiwan-based electronics manufacturer Quanta Computer Inc has acknowledged that its name was used as part of an email fraud scheme that bilked two U.S.-based internet companies out of more than $100 million.

U.S. prosecutors last week indicted a Lithuanian man, Evaldas Rimasauskas, for the fraud.

He was arrested this month in Lithuania at the request of U.S. authorities and is currently in jail there.

Rimasauskas’ alleged scheme involved sending emails to employees of the two unnamed companies asking them to wire money that they actually owed to the Asian hardware vendor to the accounts of companies in Latvia and Cyprus that carried the name Quanta.

In order to conceal his fraud from banks that handled the transfers, Rimasaukas forged invoices, contracts and letters purportedly signed by executives of the two victim companies, according to prosecutors.

In a statement on Monday to Reuters,…

Read the Full Story here