Friday, December 27, 2024
HomeAccountingEx-Fb Exec Admits to Stealing $4 Million from the Firm

Ex-Fb Exec Admits to Stealing $4 Million from the Firm


In a Fb Story she hoped would by no means develop into public, former Fb worker Barbara Furlow-Smiles entered a responsible plea as we speak for stealing over $4 million from the social media big, based on the U.S. Lawyer’s Workplace within the Northern District of Georgia.

The Atlanta-based Furlow-Smiles, 38, led range, fairness, and inclusion (DEI) applications for Fb (whose mother or father firm is Meta) from 2017 to 2021. Throughout that point, she used her place and Meta cash to dwell like a rockstar, reserving costly hair stylist appointments and babysitting companies. She even stole cash to pay a hefty $18,000 tuition cost for a preschool.

“This defendant abused a place of belief as a world range government for Fb to defraud the corporate of tens of millions of {dollars}, ignoring the insidious penalties of undermining the significance of her DEI mission,” mentioned U.S. Lawyer Ryan Ok. Buchanan.

Associated: Watch out for Prime Scams This Vacation Season, Amazon Warns

How she did it

Buchanan detailed Furlow-Smiles’ elaborate rip-off intimately. First, she linked her company bank cards to her private digital cost platforms, together with PayPal, Venmo, and Money App. Then, she used these apps to pay family and associates for items and companies allegedly for Fb. However in actuality, nothing went to the corporate. The accomplices returned a lot of the cash to Furlow-Smiles as a money kickback. To cowl her faux bank card expenses, Furlow-Smiles submitted fraudulent expense reviews.

However the fraud didn’t cease there. Furlow-Smiles additionally employed associates and associates as distributors for Fb, approving their inflated invoices and taking a share. Some companies she acquired included $10,000 to an artist for a portrait.

Meta has not mentioned a lot publicly in regards to the case. In an e mail to The Atlanta Journal-Structure, they wrote, “We’re cooperating with regulation enforcement on the case relating to this former program supervisor, and we are going to proceed to take action.”

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Recent Comments