A man named Andy Surface stole about $8 million from Condé Nast with one email, forged to look like it was sent by a supplier company called Quad/Graph.
The US Attorney’s office in New York is suing Surface on Condé’s behalf.
Here’s a summary of what happened from the complaint:
In early November, Condé Nast received an “Electronic Payment Authorization” form by email at its offices in … New York. The form appeared to have been sent by Quad/Graphics. The form requested that Condé Nast direct payments for Quad Graphics to the Quad Graph Account, and provided account information. Condé Nast filled out the form and returned it by facsimile from its offices in … New York to the facsimile number provided in the form. Following Condé Nast’s receipt of the “Electronic Payment Authorization” form, Condé Nast started making payments for Quad/Graphics bills by ACH transfer from a Condé Nast account with JPMorgan Chase Bank in New York to the Quad Graph Account.
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