Security News > 2020 > January > IT exec sets up fake biz, uses it to bill his bosses $6m for phantom gear, gets caught by Microsoft Word metadata

A now-former senior IT exec has admitted conning his employer out of $6m - by setting up a fake tech services biz that billed his bosses for bogus services.

Back in 2015, Kabbaj set up a shell company called Interactive Systems that was pitched as an IT services provider, but was in fact little more than a business name and a bank account.

No gear or services ever turned up, and payments for the bogus kit just went straight into Kabbaj's personal coffers.

"Four of these invoices were submitted in Word document format, and the metadata for these four invoices identified Kabbaj as the author. Each invoice from Interactive Systems was addressed to Kabbaj."

Once his bosses had paid for the phantom gear, Kabbaj would simply shift the received cash from Interactive Systems into his own bank account.

News URL

https://go.theregister.co.uk/feed/www.theregister.co.uk/2020/01/04/tech_manager_theft/