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Sead Fadilpašić

A bank wire transfer scam cost this company millions — here's how you can stay safe

Fraud.

Orion S.A., a global supplier of carbon black (a solid form of carbon), has revealed it fell victim to a sophisticated scam and ended up transferring $60 million to accounts belonging to the scammers.

The company confirmed the fiasco in a 8-K form filed with the US Securities and Exchange Commission (SEC) on August 10.

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