#fraud #accounting #internalcontrols

How a Guy Stole $120M from Meta and Facebook with Fake Bills

Name: How a Guy Stole $120M from Meta and Facebook with Fake Bills
Uploaded: 2026-09-11T23:30:57+00:00
Duration: 1 min 25 s
Description: A fraudster targeted major tech companies with one simple tactic: fake invoices sent to billing addresses. Stephen Yoss breaks down how this $100M+ scheme worked, why massive corporations failed to catch it, and the internal control gaps that made it possible. Learn the vendor verification practices that can protect your organization from similar fraud.

1:25 · A clip from Fraud in Today's Workplace: What Accountants Need to Know, taught by Stephen Yoss

A fraudster targeted major tech companies with one simple tactic: fake invoices sent to billing addresses. Stephen Yoss breaks down how this $100M+ scheme worked, why massive corporations failed to catch it, and the internal control gaps that made it possible. Learn the vendor verification practices that can protect your organization from similar fraud. From the course “Fraud in Today's Workplace: What Accountants Need to Know” (2 CPE credits, Accounting, Basic): https://www.cpetoday.com/course/fraud-in-todays-workplace-what-accountants-need-to-know-24c00980 Taught by Tommy Stephens — Partner, K2 Enterprises. More from Tommy Stephens: https://www.cpetoday.com/instructor/tommy-stephens CPE Today offers live webinars, Live Replays and self-study for CPAs and accounting professionals. NASBA-sponsored (ID 167619) and an IRS-approved CE provider. https://www.cpetoday.com/ #fraud #accounting #internalcontrols

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