CNN Business reported:
An Atlanta woman pleaded guilty to stealing more than $4 million from Facebook while she was an executive at the company.
Furlow-Smiles’ “scheme” was to link her company credit cards to PayPal, Venmo, and Cash App, then use those cards to pay others for services never performed, Buchanan says.
Friends, relatives, and associates who received the payments would then return some of the money to Furlow-Smiles as a kickback, according to Buchanan’s Office.
Investigators say Furlow-Smiles would create inflated invoices to pay them, then those vendors would return a portion of the payment to Furlow-Smiles.
An Atlanta woman pleaded guilty to stealing more than $4 million from Facebook while she was an executive at the company.
Furlow-Smiles’ “scheme” was to link her company credit cards to PayPal, Venmo, and Cash App, then use those cards to pay others for services never performed, Buchanan says.
Friends, relatives, and associates who received the payments would then return some of the money to Furlow-Smiles as a kickback, according to Buchanan’s Office.
Investigators say Furlow-Smiles would create inflated invoices to pay them, then those vendors would return a portion of the payment to Furlow-Smiles.
Find the original article here.
Enroll in Training Sessions: Last Thursday of Every Month is Training on Frauds and New Scam Alerts and How to Combat
Enroll in Training Sessions: Last Thursday of Every Month is Training on Frauds and New Scam Alerts and How to Combat