FBI Reveals Email Scam That Cost 3 Companies $1.65 Million
The FBI has revealed that three Washington state businesses were victims of an email fraud scheme to the tune of $1.65 million. The companies were victims of a "man-in-the-middle" email scam in which fraudsters began intercepting legitimate emails between purchasing and supply companies overseas in China. The scammers then began to impersonate each company and send both sides of the emails soliciting payments. The companies thought they were sending money to their Chinese suppliers, but instead the money was routed into the bank accounts of scammers.