18 October 2017
Find out more

Fake bankers and police officers jailed for vishing frauds

05 February 2015  |  5914 views  |  0 Security

Five men have been jailed for a total of just over 17 and half years for a series of phone frauds in which they posed as police officers and bank staff to trick their victims out of thousands of pounds.

The group stole more than £40,000 after they dupeded 11 people into handing over bank cards and PIN numbers. Some 1200 cold calls to members of the public had been made by the gang

In all the offences they posed as police officers or bank staff and told their victims that their bank accounts had been infiltrated by thieves.

The tricksters claimed that as part of their investigations they needed to do forensic tests of the victim’s bank cards and PIN numbers or large amounts of cash.

Two of the group acted as couriers and collected cards and PIN numbers which were used immediately at cash machines near their victim’s homes.

The five men were sentenced at St Alban’s Crown Court on Monday February after pleading guilty at an earlier hearing.

The judge, Stephen Warner, said the crimes warranted a departure from the sentencing guidelines to reflect the seriousness of the offences.

He told the five: "These were mean and cynical offences deliberately planned to take advantage of the vulnerable and done to obtain financial gain. Those who commit these offences can expect substantial terms of imprisonment."

Figures released late last year by Financial Fraud Action show a threefold rise in the amount of money lost to phone scammers. During 2014, at least £23.9m of losses was attributed to vishing — up from £7m in the previous year.

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

Vishing fraud nets £21 million in first five months of 2014

Vishing fraud nets £21 million in first five months of 2014

27 June 2014  |  6421 views  |  0 comments | 8 tweets | 4 linkedin
Vishing nets UK fraudsters £7m

Vishing nets UK fraudsters £7m

28 August 2013  |  5226 views  |  0 comments | 4 tweets | 3 linkedin
FBI warns of rise in vishing attacks

FBI warns of rise in vishing attacks

21 January 2008  |  10951 views  |  0 comments

Related blogs

Create a blog about this story (membership required)
Register nowvisit www.capgemini.com

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15205 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8401 views comments | 16 tweets | 21 linkedin
hands typing furiouslyHow artificial intelligence can deliver a...
7917 views 0 | 7 tweets | 9 linkedin
satelliteGates Foundation backs Ripple collaboratio...
7360 views comments | 13 tweets | 8 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
6518 views comments | 8 tweets | 16 linkedin

Featured job

Competitive base, double ote, benefits
London, UK

Find your next job