01 August 2015

UK men jailed over iTunes gift voucher money laundering scam

17 May 2010  |  9338 views  |  0 anonymous figure in front of stock exchange

Five UK men have been jailed for a money laundering scam that saw stolen credit card details used to buy iTunes vouchers that were then sold on eBay.

The men compromised more than 7000 bank card numbers to buy around £750,000 worth of iTunes gift certificates, which were then sold on at reduced prices on eBay and other online marketplaces.

The scam's mastermind Suhail Tufail, from Rochdale, Lancashire, pleaded guilty to fraud and money laundering charges at Manchester Crown Court and was sentenced to five years in jail.

Mohammed Arfan Rasool, Raja Zahid Iqbal, Kibriya Ahmad and Imran Aslam all received jail terms for their parts in the fraud while Anwar Bibi, Mohammed Ali and Ketanbhai Kantubhai Patel were given community orders.

The men were caught after a routine police search involving Rasool, Aslamat and another man at Hull port in 2007 which saw a laptop seized. The laptop was examined, along with two other computers found at Rasool's home, revealing details of more than 7000 cards used to make online payments. These same details were found on computers seized from Tufail and Bibi.

Detective Inspector Neal Colburn, Greater Manchester Police Economic Crime Unit, says: "This was a complex fraud on a large scale. The group thought they had a sophisticated scam to launder money, but the pro-active intervention of the police got in their way."

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board, sign up now.

Related blogs

Create a blog about this story (membership required)

Related stories

12 April, 2010
26 March, 2010
19 March, 2010
09 March, 2010
11 June, 2009
12 March, 2009
26 August, 2008

Your browser is unable to support Flash files.

Top topics

Most viewed Most shared
ING Bank introduces voice-activated mobile...
9089 views comments | 26 tweets | 30 linkedin
Will Uber be the Uber of banking?
7474 views comments | 40 tweets | 31 linkedin
Payments and capital markets sectors domin...
6357 views comments | 17 tweets | 18 linkedin
Singapore hires Citi veteran to lead new f...
5680 views comments | 13 tweets | 5 linkedin
Stripe lands new funding; signs deal with...
5613 views comments | 16 tweets | 18 linkedin

Featured job

Basic £100K+ OTE £200K+

Find your next job