A surprisingly large number of SMBs in my experience don't have capital transfer controls, especially when the CEO is used to doing financial transfers on the f

A surprisingly large number of SMBs in my experience don't have capital transfer controls, especially when the CEO is used to doing financial transfers on the fly. I can think of half a dozen reasonably-sized businesses I've worked with who would be vulnerable to this scam, even with their internal accountants -- a fraudster could call them up, tell them that they needed to draft some five-figure amount because the company got behind on its 401K matches or insurance, and the accountant would think, "Yeah, that sounds about right." And these are the companies who can least afford to get scammed -- they're low-margin companies moving funds around all the time because they're scrambling to keep the balls in the air, so a good-sized fraudulent transfer would cripple them. I'm more surprised that the convicted fraudster is living in an Ashdod mansion off the beach, and evidently the current Israeli government isn't interested in repatriating him to France to serve his time. I mean, I know there's no bilateral extradition treaty in place, but the son of a bitch brags about what he did -- he doesn't even pretend to deny it!