Invoice Intercepted: A New Form Of Wire Fraud

Law360, New York (January 27, 2015, 10:43 AM EST) -- A new scam has arisen in a sordid line of wire fraud scams. What makes this scheme particularly pernicious is that the victims often do not realize they have been scammed out of thousands of dollars until days, if not weeks, after the scam has occurred, after they have lost their money, and after the perpetrator is long gone. This is how the scam works: The victim is a business that regularly pays invoices to its suppliers. Let's call this business "Acme." As is customary, one day Acme received an email from one of its suppliers for $25,000. Let's call this supplier "Supplier Widgets." The email address, the contents of the email from Supplier Widgets, and the invoice appear to be bona fide and similar to prior invoices from Supplier Widgets....

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