Israel says con men stole millions from global companies
Source: Boston Herald
RISHON LEZION, Israel — The scam had all the trappings of a major con. Working from a dingy office building just a short drive from the glittering Mediterranean Sea, eight immigrants from Europe formed an unlikely team that allegedly conspired to dupe major multinational companies out of millions of dollars.
Most of them spoke French, the others Italian. Using their language skills and familiarity with European business practices, they telephoned employees at some of Europe's biggest companies, identified themselves as top executives and tricked workers into transferring large sums of money to bank accounts in their control, police said. Among the companies targeted, according to police and suspects' lawyers: Kia Motors, Hugo Boss and Chanel.
It was a classic "fake CEO" or "fake president" scam, a scheme used by various criminals worldwide that has robbed companies of some $1.8 billion in just over two years, according to the FBI. Most of the eight suspects in the latest case are either jailed or under house arrest.
Read more: http://www.bostonherald.com/business/business_markets/2016/06/israel_says_con_men_stole_millions_from_global_companies
Greed, At least in Europe the Crooks who Steal Millions go to Jail, not like USA we just give them more money!
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