MPO molopo energy limited

Ann: Fraudulent email investigation, page-7

  1. 1,114 Posts.
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    Well will you look at that. Buried on pg. 20 of the Annual Report the mystery surrounding the cyber email fraud is finally solved.

    "*Other Expenses for FY 2020 is represented by $619,000 loss of funds as a result of a cyber fraud misdirected payment"

    They simply lost the money after somebody blindly paid a fake email/invoice. The money was never recovered.
    619 grand down the toilet. The incompetence is truly staggering.
 
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