PORTLAND, Ore. (KOIN) — The City of Portland announced Friday that they have officially recovered the $6.7 million in public funds lost in a fraud scheme earlier this year.
According to the City of Portland, they originally became aware of the scam back in February, when someone posing as a contracted employee with the city gained access to a payment system, then rerouted the contractor’s bank information to the scam account.
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The city then notified law enforcement in March when the contractor’s intended payment – which was set aside for use in the Bull Run Filtration Project – instead went to an unauthorized bank account.
Initially, the city filed a lawsuit against a New York law firm whose account held the deposited funds, Portland officials said…