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Wednesday, June 19, 2024

Ex-Facebook and Nike diversity manager gets 5 years in jail over $5m fraud scheme… (fixed, pdf)

Ex-Facebook and Nike diversity manager gets 5 years in jail over $5m fraud scheme: Lawyer says she ‘got caught up’ in Facebook’s ‘move fast and break things’ culture

A former diversity and inclusion manager at Facebook and Nike has been sentenced to five years and three months in prison for stealing more than $5 million from the tech giant to “fund a luxury lifestyle”.
 
Barbara Furlow-Smiles, who pleaded guilty to wire fraud in the case in December, stole more than $4.9 million that had been earmarked for DEI initiatives from Facebook after apparently getting “caught up” in the company’s “move fast and break things” culture.

 

More here (no paywall) >

PDF: Ex-Facebook and Nike diversity manager gets 5 years in jail over $5m fraud scheme _ Fortune >

Summary:

The article reports that Barbara Furlow-Smiles, a former diversity and inclusion manager at Facebook and Nike, has been sentenced to five years and three months in prison for stealing more than $5 million from the companies to fund a lavish lifestyle. Key points:

  1. Furlow-Smiles stole over $4.9 million from Facebook between 2017 and 2021, and a six-figure sum from Nike until 2023.
  2. She used her position and authority to create fake invoices from vendors who were her family and friends, and then directed them to send her a portion of the money they received from Facebook.
  3. Furlow-Smiles also misled Facebook into paying for personal goods and services, such as portraits and preschool tuition.
  4. In a letter to the judge, she admitted her wrongdoing and acknowledged that her actions undermined DEI efforts.
  5. Furlow-Smiles’ attorney argued that she got caught up in Facebook’s “move fast and break things” culture and that others were also exploiting the company’s expenses for personal gain.
  6. In addition to her prison sentence, Furlow-Smiles has been ordered to return the stolen funds, including over $121,000 to Nike.

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