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Woodberry $50Million Scam On Chicago Companies May Never Be Retrieved, See Why

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Woodberry $50Million Scam On Chicago Companies May Never Be Retrieved, See Why

The $50Million Woodberry stole from Chicago companies might never be retrieved.

Woodberry successfully defrauded two Chicago based companies in the tune of $15 million through the use of fake email appearing to have come from the companies chief account officer.

“They were able to gain access to the company’s email account though a phishing attack. In one of the chicago cases, they allegedly sent an email that appears to be from the company’s accounting officer to another employee ordering a transfer”. Report Reads.

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It was also reported that the fraudulent email was almost identical to the prior legitimate email but the account number was different.

The $50Million might never be retrieved because it was converted to Bitcoin — The blockchain system is too sophisticated.

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1 Comment

1 Comment

  1. Eniola

    July 6, 2020 at 6:50 am

    Lmao so this guy will still have access to his money even after he’s released from prison?

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