Tag evaldas rimasauskas

I've tagged Evaldas Rimasauskas, a Lithuanian businessman who made international headlines in 2019 for his involvement in a massive fraud scheme.

Here's a brief summary:

Evaldas Rimasauskas, a 50-year-old Lithuanian businessman, was accused of defrauding two multinational companies, including US-based tech giant Intel, out of millions of dollars. He allegedly posed as a representative of a Chinese company, Conghua New Materials Technology Co. Ltd., and convinced Intel and another company, Citibank, to pay him for goods and services that were never delivered.

Rimasauskas was arrested in Lithuania in 2019 and extradited to the United States, where he was charged with wire fraud, money laundering, and other crimes. He pleaded guilty to the charges and was sentenced to 7 years in prison.

This case highlights the importance of due diligence and verification in business transactions, as well as the need for companies to be vigilant against fraud and other forms of financial crime.