The worldwide governing body of cricket, the International Cricket Council (ICC), allegedly lost nearly $2.5 million in online scam last year.
According to the reports, the ICC was cheated by the scamster not once, not twice, but four times. Surprisingly, the authorities at the ICC's Dubai office did not have a clue that they were being cheated until last week. It is reported that the scamster from the US acted as a vendor of the ICC and emailed the cricket body's CFO for a payment from an email id that was apparently similar to the ICC.
The loss of $2.5 million is significant, as it is equivalent to four times the grant an Associate member with ODI status earns every year from the ICC. An ICC associate nation earns $500,000 to $1 million per year from ICC grants.
As per the report, the ICC is conducting an investigation about the incident and informed law enforcement agencies in the US. However, the exact manner in which the scam took place is not yet known.