Man admits scamming Facebook and Google out of over $100m
A Lithuanian man who duped Google and Facebook into transferring over $100m into accounts he controlled has pleaded guilty to wire fraud.
Evaldas Rimasauskas (50) sent fraudulent invoices to the California-based tech companies between 2013 and 2015, according to the US Justice Department.
He was involved in running a company that controlled several accounts at banks in Latvia and Cyprus, according to his indictment at a New York Court.
Mr Rimasauskas and his unnamed associates were posing as Quanta Computer, a hardware company based in Taiwan that has done business with Facebook and Google.
Mr Rimasauskas pleaded guilty to wire fraud in federal court in Manhattan, where Judge George B Daniels set a July 24 sentencing date.
The charge could carry as many as 30 years in prison and a fine of as much as $1m or twice the crime's proceeds.
The plea deal Mr Rimasauskas reached with prosecutors said he faces almost certain deportation once he finishes his prison time.