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Commodities Firm Scammed Out of $17.2M in Email Scam
- The Guardian, Friday, February 6, 2015 1:57 PM
Nebraska-based commodities trader Scoular Company lost $17.2 million in an email scam. The company wired the money to a bank in China last year in what they believed to be a legitimate business transaction. The emails appeared to come from the CEO of the company's auditing firm and were sent directly to Scoular's corporate controller. The emails claimed asked for money for the secret acquisition of a Chinese company. Thus, Scoular made the money transfers discreetly.
