A cybercriminal posing as a vendor has conned Baltimore city out of thousands of dollars
After receiving information from Baltimore’s Bureau of Accounting and Payroll Services (BAPS) in regards to a suspected fraudulent Electronic Funds Transfer (EFT), the OIG launched the investigation that uncovered the scam.
Suspicions arose when a contractor received funds from the Mayor’s Office of Children and Family Success (MOCFS).
The fraudster, who falsely claimed to be associated with an employee from the vendor company, emailed BAPS and MOCFS twice asking to change the vendor’s EFT remittance information.
They then requested for the filed bank details to be updated to a separate bank account at a completely different financial institution. Read more:https://cutt.ly/OPljJ7X