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Omaha Steve

(99,708 posts) Wed Feb 4, 2015, 10:26 AM Feb 2015

Impostors bilk Omaha's Scoular Co. out of $17.2 million

http://www.omaha.com/money/impostors-bilk-omaha-s-scoular-co-out-of-million/article_25af3da5-d475-5f9d-92db-52493258d23d.html

POSTED: WEDNESDAY, FEBRUARY 4, 2015 1:00 AM
By Russell Hubbard / World-Herald staff writer

Money wired in installments to bank in China, purportedly at CEO’s direction.

Corporate cybercrime on an international scale has hit one of Omaha’s biggest and oldest companies.

The Scoular Co., an employee-owned commodities trader founded 120 years ago, has been taken for $17.2 million in an international email swindle, according to federal court documents.

An executive with the 800-employee company wired the money in installments last summer to a bank in China after receiving emails ordering him to do so, says an FBI statement filed last month in U.S. District Court in Omaha.

FULL story at link.

3 replies

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Highlight:

Impostors bilk Omaha's Scoular Co. out of $17.2 million (Original Post) Omaha Steve Feb 2015 OP

Was he able to save the Nigerian prince? hughee99 Feb 2015 #1

If its on the internet it must be true.... Historic NY Feb 2015 #2

Wild, but what struck me was this section - Erich Bloodaxe BSN Feb 2015 #3

hughee99

(16,113 posts)

1. Was he able to save the Nigerian prince?

Reply to Omaha Steve (Original post)

Wed Feb 4, 2015, 10:28 AM

Feb 2015

Not to make light of it, but how does one transfer this sort of money without a phone call or face to face meeting in this day and age?

Historic NY

(37,453 posts)

2. If its on the internet it must be true....

Reply to Omaha Steve (Original post)

Wed Feb 4, 2015, 10:40 AM

Feb 2015

didn't anyone think to verifiy.

Erich Bloodaxe BSN

(14,733 posts)

3. Wild, but what struck me was this section -

Reply to Omaha Steve (Original post)

Wed Feb 4, 2015, 10:41 AM

Feb 2015

Scoular was ranked as the 55th-largest privately held U.S. company by Forbes magazine last year, a major player in the markets for corn, soybeans and other commodities and for arranging the transportation and storage of the grains.

Size — Scoular has about $6.2 billion in annual revenue

For such a big company, they seem to fly under the radar. At least I've never heard of them, although I guess maybe it's just a niche in agribusiness I've never really thought about. Maybe everybody else already knew them.

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