TVNewser FishbowlDC AgencySpy TVSpy LostRemote PRNewser SocialTimes AllFacebook 10,000 Words GalleyCat UnBeige MediaJobsDaily

Condé Nast Fooled Into Paying Eight Million to Scammer

Staffers at Condé Nast apparently need to read emails more carefully, because Forbes is reporting it paid a total of $8 million to a scammer who sent one single note to the company.

According to court documents, last November Condé Nast received an email from someone claiming to be Condé’s magazine publishing company, Quad/Graphics. The email asked Condé to send payments to a bank account number, and because somehow no one at Condé thought, “Hey, I should check this out,” the company began sending payments to the fake account.

Luckily for Condé Nast, the real Quad/Graphics started asking why it wasn’t being paid, thus raising red flags in Condé, and it was able to freeze the payments before they were withdrawn by the scammer.

Lesson learned? Read carefully before sending millions of dollars to people, even if they sound nice.

Mediabistro Course

Get a Literary Agent

Get a Literary AgentStarting August 6, learn how to find the right agent for your book and write a query that will get the deal done! Taught by Barbara Clark, a book agent and publishing consultant, you will learn the best methods for finding a literary agent, the proper protocol and etiquette for seeking literary representation, how to send queries and more. Register now!