29 July 2016
Find out more

Chip and PIN fraud gang members jailed

22 June 2010  |  11049 views  |  0 PED cradle

Members of a criminal gang that stole card details by tampering with chip and PIN terminals at petrol stations throughout southern England have been jailed.

The four men fixed the chip and PIN devices in various petrol stations last year in order to copy the electronic data from customers' credit and debit cards.

They then used this information to make fake magnetic stripe cards that could be used fraudulently overseas in countries yet to introduce chip and PIN. According to the BBC, the nine-month fraud caused losses totalling £725,000.

The gang's mastermind, Theogenes de Montford, was sentenced to four-and-a-half years' imprisonment at at Southwark Crown Court after pleading guilty to conspiracy to defraud and conspiring to possess articles for use in fraud. When he was arrested, police found details for 35,000 cards on his laptop.

Rajakumar Thevathasan, Usman Mahmood and Rashid Abdi Hassan each received three-and-a-half years after being found guilty of conspiracy to defraud.

Detective Chief Inspector John Osibote, DCPCU, says: "This is another resounding success for the DCPCU. As a result of this operation, the Unit has prevented a significant amount of card fraud from taking place. We have worked closely with both the banking and retail sector on this investigation, and together we are sending a very clear message that those responsible for these types of fraud will be caught and prosecuted."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

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

Related stories

Wal-Mart executive calls for US move to Chip and PIN

Wal-Mart executive calls for US move to Chip and PIN

25 May 2010  |  16246 views  |  3 comments
Eight million Brits share PIN numbers - survey

Eight million Brits share PIN numbers - survey

27 August 2009  |  9635 views  |  1 comments
Chip and PIN fraudsters jailed

Chip and PIN fraudsters jailed

29 October 2008  |  11559 views  |  0 comments
Canada begins Chip and PIN roll out

Canada begins Chip and PIN roll out

28 October 2008  |  10291 views  |  0 comments
Fraudsters rigging Chip and PIN terminals to steal data - report

Fraudsters rigging Chip and PIN terminals to steal data - report

13 October 2008  |  13966 views  |  0 comments
Police arrest third suspect in Chip and PIN crime probe

Police arrest third suspect in Chip and PIN crime probe

18 August 2008  |  7239 views  |  0 comments
UK police bust Chip and PIN crime factory

UK police bust Chip and PIN crime factory

13 August 2008  |  11638 views  |  0 comments
PIN devices vulnerable to 'tapping' attacks, researchers warn

PIN devices vulnerable to 'tapping' attacks, researchers warn

27 February 2008  |  10818 views  |  0 comments
Halifax facing chip and PIN fraud lawsuit

Halifax facing chip and PIN fraud lawsuit

07 January 2008  |  15749 views  |  0 comments
Researchers warn of Chip and PIN relay threat

Researchers warn of Chip and PIN relay threat

06 February 2007  |  8410 views  |  0 comments
Game over for Chip and PIN?

Game over for Chip and PIN?

05 January 2007  |  15684 views  |  0 comments
Chip and PIN boasts 31% drop in counterfeit card fraud

Chip and PIN boasts 31% drop in counterfeit card fraud

10 October 2005  |  8727 views  |  0 comments

Related blogs

Create a blog about this story (membership required)
Visit capgemini.comVisit www.abe-eba.euFind out more

Top topics

Most viewed Most shared
Telefonica Germany launches Fidor-backed mobile banking serviceTelefonica Germany launches Fidor-backed m...
6941 views comments | 16 tweets | 22 linkedin
Groupe BPCE agrees to buy FidorGroupe BPCE agrees to buy Fidor
6846 views comments | 29 tweets | 45 linkedin
hands typing furiouslyManaging Big Data After Brexit
6300 views 0 | 6 tweets | 8 linkedin
UK and South Korea build 'fintech bridge'UK and South Korea build 'fintech bridge'
6031 views comments | 13 tweets | 14 linkedin

Featured job


Brussels (Belgium) or Paris (France)

Find your next job