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Square Scammed Out of Millions By Woman Selling Bogus Travel Vouchers

MULTIZ321

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BLUEWATER BY SPINNAKER HHI
ROYAL HOLIDAY CLUB RHC (POINTS)
Square Scammed Out of Millions By Woman Selling Bogus Travel Vouchers - by Chris Welch/ Tech/ theverge.com

"Square has fared pretty well in the mobile payments business, and now the company, founded by Jack Dorsey, is preparing to go public. As part of that process, Square has given potential investors a deeper look at the risks and uncertainties that it regularly contends with. And while Square hasn't dealt with too many unforeseen crises, one case mentioned in the company's S1 filing stands out. A scammer who posed as a seller of travel vouchers on Square has cost the company millions. $5.7 million, to be specific — though that number may be Square citing the worst-case outcome. BuzzFeed News did some digging and discovered that the person responsible is 30-year-old Patricia Urbanovsky, who used Square under the name of Creative Creations, her events planning company based in Nebraska..."

Richard
 
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