1 Email Nets Scammer $8million

[Doggy Styles]

How do you spend $8M without something traceable turning up.

Car's, Houses, Holidays etc are all traceable.

Nice Ferrari, here's a case full of cash, slightly suspicious!!

There are only so many cash grocery transactions you could do.

That's what I meant by thinking it through. He had no laundering strategy.

[TheFaQQer]

How do you spend $8M without something traceable turning up.

Have you not seen Brewster's Millions?

[Scrag Meister]

How do you spend $8M without something traceable turning up.

Car's, Houses, Holidays etc are all traceable.

Nice Ferrari, here's a case full of cash, slightly suspicious!!

There are only so many cash grocery transactions you could do.

[TimberWolf]

D'oh! He forgot to spend it.

[Doggy Styles]

Didn't quite think it through, did he.

[TheFaQQer]

So much for needing a sophisticated setup to get lots of cash - this guy's mistake was not running with the money when he got it!!

Conde Nast Sent $8 Million To A Scammer After A Single Email

Apparently it's not that hard to scam a big company out of millions of dollars these days. You can just send a single email, pretending to be from a vendor of that company. That's apparently what a guy named Andy Surface discovered when he set up a bank account for an operation he called "Quad Graph," likely designed to be similar to Quad/Graphics, the giant printing company that prints many big name magazines. He then sent a single email to magazine giant Conde Nast, leading the magazine company to send that new account $8 million:

In early November, Conde Nast received an "Electronic Payment Authorization” form by email at its offices in ... New York. The form appeared to have been sent by Quad/Graphics. The form requested that Conde Nast direct payments for Quad Graphics to the Quad Graph Account, and provided account information. Conde Nast filled out the form and returned it by facsimile from its offices in ... New York to the facsimile number provided in the form. Following Conde Nast's receipt of the "Electronic Payment Authorization" form, Conde Nast started making payments for Quad/Graphics bills by ACH transfer from a Conde Nast account with JPMorgan Chase Bank in New York to the Quad Graph Account.

The whole thing was discovered when the actual printer noticed that it was no longer getting paid and asked Conde Nast what was up. Conde Nast went to the feds, who arrested the guy and amazingly discovered that all $8 million was still sitting in the bank account.

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