21 August 2017
visit www.avoka.com

Mastermind behind DarkMarket forum faces jail after guilty plea

15 January 2010  |  7190 views  |  0 anonymous figure in front of stock exchange

The British citizen behind an online supermarket where thousands of criminals bought and sold credit card and bank details is facing jail after pleading guilty to conspiracy to defraud.

Renukanth Subramaniam, 33, who used the online nickname 'JiLsi', was a founding member and "administrator" on the infamous DarkMarket Web site, which helped fraudsters steal tens of millions of pounds.

DarkMarket provided a sophisticated, invitation-only service for criminals to buy and sell compromised credit card information and anything else they needed to commit financial crime. It also offered training in fraud techniques, including online bank account takeovers, and money laundering.

The network, which had over 2500 registered members at its peak, was infiltrated by the FBI and closed down at the end of 2008. So far around 60 arrests linked to the operation have been made worldwide, including Subramaniam, a former pizza bar worker who moved to the UK from Sri Lanka in 1993, and used an Internet cafe in Wembley, North London as his base.

He has now pleaded guilty to conspiracy to defraud at Blackfriars Crown Court. Another DarkMarket member, John McHugh, who used the online nickname 'devilman', pleaded guilty to the same charge.



Sharon Lemon, deputy director, Serious Organised Crime Agency (Soca), says Subramaniam owned three houses but was a "loner with a modest lifestyle".

"The key to investigations of this sort is finding the evidence to connect the online persona with a living breathing person. Subramaniam went to great trouble to hide his activity. He seems to have thought that carrying data around on memory sticks and using internet cafes would somehow protect him from scrutiny. He was wrong," says Lemon.
KeywordsLEGAL

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

Gang jailed for Trojan bank theft scam

Gang jailed for Trojan bank theft scam

16 November 2009  |  10742 views  |  0 comments
Phishing bust sees 100 charged in US and Egypt

Phishing bust sees 100 charged in US and Egypt

08 October 2009  |  7324 views  |  0 comments
German police shut hacking forum

German police shut hacking forum

06 March 2009  |  6038 views  |  0 comments
Police bust cyber fraud ring

Police bust cyber fraud ring

17 October 2008  |  10983 views  |  0 comments
US authorities bust card hacking gang in biggest ever ID fraud case

US authorities bust card hacking gang in biggest ever ID fraud case

06 August 2008  |  12471 views  |  0 comments

Related blogs

Create a blog about this story (membership required)
21 January 2010
visit www.worldpaymentsreport.comvisit www.niceactimize.comvisit www.dorsum.eu

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
10294 views comments | 23 tweets | 23 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
8615 views comments | 19 tweets | 23 linkedin
hands typing furiouslyWhy Is Risk Analytics Important?
8400 views 0 | 3 tweets | 1 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
8289 views comments | 10 tweets | 7 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
7614 views comments | 15 tweets | 14 linkedin