18 October 2017
Register now

London gang gaoled for ID fraud

24 November 2003  |  12338 views  |  0 ID Fraud

Six men from the London area have been gaoled for their part in a conspiracy to defraud three UK banks of £350,000 by obtaining fake identities over the Internet.

George O'Neill, Ibrahim Sanyaolu, Toluwalaise Ajike, Mark Obisesan, Martin Badejoko and Huseyin Ekinci were sentenced to a combined total of 15 and half years in the biggest conviction achieved by the UK's National Hi-Tech Crime Unit (NHTCU) since its inception two and a half years ago.

The group used false identities obtained on the Internet to forge documents to open bank accounts and apply for loans. NHTCU says credit cards, cheque books and overdraft facilities were used to obtain £315,000 from Lloyds TSB plc and £30,000 from the Halifax and Co-operative banks.

Alerted by Lloyds TSB to the fraud, the unit investigated and arrested the men and retrieved thousands of individual pieces of evidence ranging from passports to utility bills from a variety of addresses in London and the surrounding areas.

The men used the money to buy houses and expensive cars and also invested money in properties in the UK and Nigeria. Cars, including a Porsche, have been seized by the NHTCU under the Proceeds of Crime Act 2002, as well as cash and jewellery.

Detective Chief Superintendent Len Hynds, head of the NHTCU, says the case underlines the need for people to do everything they can to protect their identity: "This case highlights the complex sophistication and organised lengths that criminals will go to."

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

ID card plan no solution to identity theft

ID card plan no solution to identity theft

11 November 2003  |  5134 views  |  0 comments
Apacs issues guidance as 'card not present' fraud leaps

Apacs issues guidance as 'card not present' fraud leaps

10 November 2003  |  5823 views  |  0 comments
Fraud worry for UK bank customers

Fraud worry for UK bank customers

07 November 2003  |  4015 views  |  0 comments
London card cloning gang charged with conspiracy to defraud

London card cloning gang charged with conspiracy to defraud

31 October 2003  |  7662 views  |  0 comments
UK consumers urged to protect against e-mail scams

UK consumers urged to protect against e-mail scams

22 October 2003  |  5089 views  |  0 comments
Coalition to fight online identity theft

Coalition to fight online identity theft

03 September 2003  |  6277 views  |  0 comments
UK financial services plans crackdown on ID fraud

UK financial services plans crackdown on ID fraud

17 June 2003  |  5769 views  |  0 comments

Related company news

 
visit www.innotribe.comvisit www.vasco.comRegister now

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15111 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8333 views comments | 15 tweets | 21 linkedin
hands typing furiouslyHow artificial intelligence can deliver a...
7821 views 0 | 7 tweets | 9 linkedin
satelliteGates Foundation backs Ripple collaboratio...
7227 views comments | 13 tweets | 8 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
6389 views comments | 8 tweets | 16 linkedin

Featured job

Competitive base + commission + benefits
Denmark, Finland, Iceland, Norway or Sweden

Find your next job