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Conde Nast Paid $8 Million To Scammer Who Sent One Email

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Blue_Tires Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-06-11 03:06 PM
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Conde Nast Paid $8 Million To Scammer Who Sent One Email
With a Parade of fancy fraud cases centered on Wall Street so much in Vogue, here is Chatter about a swindle lacking Glamour but still possessing a certain amount of Allure. A man not a New Yorker nicked Cond Nast, the magazine publishing empire full of Self-esteem, for $8 million simply by sending one email.

But the rich folks who own Cond Nastthe uber-billionaire brothers of Si and Donald Newhousegot Lucky; the loot was retrieved largely intact.

Theres a big cautionary tale in this for accounts payable departments everywhere, be they north, south, east or W.

The Details are set out for all to see in a civil lawsuit filed extremely quietly last week in Manhattan federal court not by Cond Nast or its parent, Advance Publications, but by the local U.S. Attorneys Office acting on their behalf. The named defendants are two sums of money$7,870,530.02 and $47,137.91, to be exactthat until federal investigators intervened had been sitting in accounts at an obscure bank branch in Texas. Technically, the feds, alleging wire fraud, filed a forfeiture action, presumably as a step toward returning the stash to Cond Nast.

http://blogs.forbes.com/williampbarrett/2011/04/03/cond...
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TygrBright Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-06-11 03:09 PM
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1. But... but... the Nigerian Finance Minister PROMISED they'd get an exclusive...
...on all the upper-upper crust hotels and resorts in Lagos, AND a plush all-expenses package to scenic Kano for their next corporate retreat!

amusedly,
Bright
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Renew Deal Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-06-11 03:15 PM
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2. That article is unreadable.
With all the magazine jokes.
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LiberalEsto Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-06-11 03:35 PM
Response to Reply #2
3. I knew the author in college
asshole then, asshole now.
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Blue_Tires Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-06-11 04:12 PM
Response to Reply #2
4. Oh, GOD! I was wondering if anyone else thought the same...
There is such a thing as trying to be too witty...
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