MANHATTAN (CN) – Federal officials arrested a man they accuse of stealing $7 million by sending bogus invoices by email to 25,000 businesses. Emanuel Mederios allegedly ran the scam under the names Boom Global Media, Joseph Garcia, and Bradstreet International.
Medeiros allegedly sent bogus bills, tagged as “Renewal” notices, most of them demanding $297.83, and threatening to charge overdue penalties of 2 percent a month unless they paid up – though the companies had not ordered anything from him. The scam netted him about $7 million, prosecutors said.
Medeiros, 47, of Toronto, operated out of a mail drop on Greenwich Street in Manhattan. He faces up to 20 years in prison if convicted.