This is part 2!  You will want to listen to part 1 first!

How much would it take for you to lose your job, and your career, if you helped your friends make millions defrauding financial companies?  Did you say $11,300 in Amazon gift cards?  No?  Well that's what one criminal settled for from his "friends" in this scheme!

This week we look at a group of fraudsters that netted millions in loans between 2013 and 2019 using nothing more than fake paperwork and a handful of shell companies.  How were they able to go unnoticed for 3 years?  Why was a payroll company not able to pay 1000’s of their clients’ employees? We will look into these questions and more in this week’s episode #11 of eCrimeBytes.

Photo Credit: Will Waldron / Times Union

The crime ring:

If you cannot see the images in your podcasting app, you can view them here:

https://ecrimebytes.podbean.com/e/ecrimebytes-s-1-ep-11-pt-1-the-mann-behind-the-curtain-how-michael-mann-s-ponzi-scheme-crashed-and-burned

Sources:

• https://krebsonsecurity.com/2019/09/mypayrollhr-ceo-arrested-admits-to-70m-fraud/