Facebook/Meta Scandal: Senior Executive Empties $120 Million – Get All the Details Here

2023-12-15 09:55:00

Life Center/Reported by Xiao Youchen

▲Barbara emptied Facebook of 120 million and was released after paying $5,000 bail. (Image/photo taken from Pixabay)

Facebook, a subsidiary of social technology company Meta, broke out in a hollowing-out scandal. Senior executives teamed up with relatives and friends to allegedly defraud the company of US$4 million (approximately NT$120 million). The prosecutor’s investigation found that this senior executive hired private nannies and hairstylists, sent his children to high-end kindergartens, and even spent a lot of money to hire artists to paint personal portraits. All of his luxurious life was paid for with Meta’s public funds. However, she was released on bail after paying a bail of US$5,000 (approximately NT$156,000).

According to comprehensive foreign media reports, the senior executive involved in the case is named Barbara Furlow-Smiles. She served as the chief strategist of Facebook (now known as Meta) from 2017 to September 2021, and was mainly responsible for human resources and promoting globalization. .

During her employment, Barbara linked private electronic payment accounts such as PayPal and Venmo to official credit cards, then hired relatives and friends to help issue false invoices, and emptied public funds by falsely reporting public accounts. After the store, relatives and friends got the money, she returned the money. Will let Barbara take back the kickback again. Over the past five years, she has made a total of more than $4 million in Meta.

The prosecutor’s investigation found that Barbara usually hired a private nanny and hairstylist, and these people were also one of her accomplices. In addition, she not only sent her children to a kindergarten with a tuition fee of US$18,000 (approximately NT$560,000), but also spent US$10,000 (approximately NT$310,000) on an artist to paint her personal portrait. Of course, all the money was paid for by Meta’s public funds.

The local court will convene and make a verdict on March 19 next year, and Barbara has been released after paying a $5,000 bail.

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