Identity fraud: How one email wiped out $300m - and sender walked free

A single email wiped $300 million off the value of an Australian mining company, after an environmental activist, Jonathan Moylan, created a “corporate email” address, used identity fraud to impersonate a press officer, and sent a press release to media organizations which suggested the company faced severe financial difficulties.

The Guardian reports that the activist sent an email from the domain, “media@anzcorporate.com” and used ANZ logos to make his fiction more convincing. He also had access to a group of media outlet contacts, which he used to perpetrate his scam.

Identity fraud: How one email wiped out $300m - and sender walked free