Laurence Fletcher, 27 April 2021
It was only when John made a final phone call to confirm the transfer of about €10m to his family trust that he realised he was about to fall victim to a highly sophisticated financial scam.
A fraudster had spent two months pretending to be one of John’s business associates in order to gain his confidence and trick him into diverting a standard loan repayment to a different bank account.
Having obtained emails through an earlier hack of a financial services company in Liechtenstein, they studied the habits and conversational style of John’s business associate and then imitated him on email. Continue reading “Article: Anatomy of a hedge fund hack”
