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Some of the most respected people in the investing industry say that, dating back to the 1980s, nobody has had a better nose for sniffing out fraud than the 56-year-old Cohodes.
According to the lawsuit, the perpetrators carried out the scam by creating a fake email address that resembled that of one of the company’s vendors in Asia.
The perpetrators then posed as a vendor while communicating with a professional services company that was hired to handle the details and logistics of vendor payments for the American corporation, the lawsuit said.
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