Soccer team accidentally pays criminals $2.5 million in transfer fee scam

 

 

This case (1031859) in which a soccer team accidentally paid criminals $2.5 million in a transfer fee scam is being tracked in Advisen’s Cyber Loss Data

Dutch soccer player Stefan de Vrij was transferred from club Feyenoord to the Italian football team Lazio with payments for his transfer made in installments to the Dutch by the Italians of €2,000,000 ($2.5 million). Lazio signed the Dutch defender in 2014 after a stand-out performance in that year’s World Cup in Brazil. The last of his transfer payments was due in 2018.

Knowing this, hackers sent an email to club Lazio seemingly from Feyenoord himself. The email correspondence ordered the Italians to wire the money with specific bank details. Feyenoord’s club badge seemed to lend the email and its directions a degree of veracity. However, the IBAN code was changed to route the funds to an account not owned by the Dutch.

Lazio realized the mistake when Dutch football league, Eredivisie, said they had not received the purportedly transferred sum.

At the time of writing, the money has been found by a prosecutor in a Dutch bank account.

 

Company Data

Lazio Events Srl.
Headquartered in Italy.
Its SIC code is 7941 – Professional Sports Clubs And Promoters.
Its NAICS code is 713940 – Fitness and Recreational Sports Centers.

 

Notes

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