A man in Latvia impersonated computer vendor Quanta, sending fake invoices to Facebook and Google. Over two years, he collected $122 million before authorities caught him and ordered him to repay $75 million. The companies never recovered the full amount.
Man steals $122 million from Facebook and Google simply by sending them random bills, which they agreed to pay. There was a company called Quanta Computer, the legit company that was a vendor for Facebook and Google. He sets up a company also called Quanta Computer, but bases it out of Latvia, copies the same company name, the same logo, and he starts making fake invoices, contracts, letters, corporate stamps, corporate seals. And he's sending these to Facebook and Google for over 2 years. And he got paid out $122 million, $98 million from Facebook in 2020, $43 million from Google. They then fined him in Latvia. He had to give back $49 million and he had to pay another $26 million in restitution. That doesn't add up to $122 million. He might have still made a bunch of money. I kind of want to get him on the pod.
