UK: JAIL FOR 2 CON MEN INVOLVED IN OVER £300K MONEY TRANSFER AND BANK MANDATE FRAUD

Two men who were part of an organised fraud network, conning amateur sports clubs and small businesses out of over £300,000, have been jailed for more than six years.

The men defrauded their victims – including amateur football clubs, village halls and solicitors firms – by sending them emails purporting to be from an individual affiliated to their organisation, such as the treasurer or financial director. The email would ask them to transfer a sum of money and the recipient, believing the email to be genuine, would pay the sum into an account run by the fraudsters.

Okwudili Chinze, 44, a Nigerian national of no fixed abode had previously pleaded guilty to conspiracy to commit fraud by false representation and money laundering.

On Friday, 17 November at Kingston Crown Court, he was sentenced to two years and eight months’ imprisonment for conspiracy to commit fraud, and fifteen months for money laundering, to run concurrently.

Ahmed Otun, 41, a Nigerian national of Walfrey Gardens, Dagenham, was found guilty of conspiracy to commit fraud by false representation and money laundering.

He was jailed on 17 November for four years for conspiracy to commit fraud and 22 months for money laundering, to run concurrently.

Both men were disqualified from directorships for ten years.

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Ahmed Otun
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Okwudili Chinze

When the various frauds came to light, officers from FALCON, the Met’s response to fraud and linked crime online, launched an investigation. The offences were linked and detectives discovered that the men had set up a company named Britannia Security, a vehicle used to give a veneer of legitimacy to the fraud. Its bank account was used to receive the majority of the defrauded funds.

On arrest, a variety of manuals detailing how to hack into emails were found on Otun’s computer.

Acting Detective Sergeant Matt Wigg, of FALCON, said: “I would urge people to be very careful when moving and transferring money.

“Many of the victims linked to this case were tricked into sending money to criminals’ accounts after they were sent a spoof email with change of payment details.

“Always verify changes to financial arrangements with the organisation or person directly on the phone, or go via the company’s main switchboard to check if an email is genuine. Never reveal bank account details via email or on unsecure networks.

“Trust your instincts and always check before transferring money, because it will be extremely difficult to recover once you’ve sent it.”

Mandate fraud is when someone gets you to change a direct debit, standing order or bank transfer mandate, by purporting to be an organisation you make regular payments to, for example a subscription or membership organisation or your business supplier.

Notify your bank immediately if you see any unusual activity on your account or suspect mandate fraud has occurred.

For more advice and information on how to avoid becoming a victim of fraud, or what to do if you have been a victim, visit the Action Fraud website at http://www.actionfraud.police.uk/

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