Condé Nast, publisher of Vogue, recently lost almost $8m after falling for a fake e-mail purportedly from one of its printers, asking it to divert payments to a different bank account.If a flood of dodgy e-mails does now appear, it will certainly damage the reputations of the firms that gave Epsilon their customers' data.
Victims were fooled by emails asking them to divert payments into criminals' accounts, leaving the genuine recipient unpaid.
Dr. Butler was found guilty of defrauding the university by diverting payments from drug companies for clinical trials directly to his bank account.
Orion also skimmed money from four Manatee customers by making bogus claims against them and diverting payments as they came in, Pavlo says.
After Butler reportedly rejected a plea bargain, prosecutors added 44 fraud counts, alleging the scientist had diverted payments from drug companies intended for clinical trials.
Prosecutors allege Farhad Ebadat, 37, promised clients of his Costa Mesa business that he would sell their Rolls Royces, Ferraris, Lamborghinis and other luxury cars on consignment, but instead diverted payments to a personal account.
Despite enthusiastic support from parents, the schools have met with opposition from some educators, who say elementary students may be too young for Internet learning, and from teachers, unions and school boards, partly because they divert state payments from the online student's home district.
That, in case you've forgotten, was a conspiracy involving President Ronald Reagan's National Security Council to sell high-tech missiles to the Ayatollahs in Iran and then divert their payments to support anti-communist rebels in Nicaragua in order to destabilize the Sandinista government there.
Prosecutors alleged the defendants actually were diverting the payments they received for those investments into their own pockets and to pay off earlier investors.
Now the benefits that he earned for his sacrifice have been tied up by the Department of Veterans Affairs, which in 2009 diverted his payments to trustees who have taken control not only of those funds, but of his life savings of some $100,000 as well.
This is a boon for junior investors because it disarms a trigger that would divert their payment stream up to seniors if defaults rise.
