This Ceo Was Fired Because He Lost 56 Million Of Company Money In Online Scam Techworm
Walter Stephan, who served the company as the CEO for 17 years had fallen victim to an email scam this past January that defrauded the company by posing as Mr. Stephan in an email. The hoax email asked an employee to transfer money to an account for a fake acquisition project — a kind of scam known as a “fake president incident”. The scam works when employees break protocol and don’t double-check via phone call or in person if the sender has requested to transfer large amounts of money....