SCI Engineered Materials reports $898,325 imposter scam and bank fraud, investigation ongoing

SCI Engineered Materials, Inc.

Fraudulent scam of $898,325 executed via bank fraud; company detected and reported immediately.
Management contacted financial institution, filed IC3 report with FBI, and is working with insurance carrier.
No evidence of additional fraud or unauthorized data/system access found to date; business operations unaffected.
Investigation into incident and impact on internal controls remains ongoing.

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