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Two men were recently given prison sentences for their involvement in phishing scams that stole more than £1.5 million from students in the UK.
"Appearing at Southwark Crown Court, Damola Clement Olatunji was jailed for six and a half years, and Amos Njoroge Mwangi was sentenced to serve three years and three months at an earlier hearing," BCS reports.
"The two are not believed to have worked together, though their scams ran in similar ways, seeing the two target students with emails masquerading as government loan schemes," writes V3.co.uk's Alastair Stevenson. "The emails invited its victims to update their details on their student loan account via a link to a bogus Web site. When clicked, the link enabled the scammers to access victims' personal information, including bank details. The two stole between £1,000 to £5,000 from each victim they successfully duped."
"Both Olatunji and Mwangi were arrested in raids in Manchester and London on 7 December, 2011, when police siezed computers and storage media belonging to both men," writes TechWeekEurope's Matthew Broersma. "Mwangi’s computers were found to contain applications for building phishing emails and registering fake websites, while Olatunji’s systems were found to contain more than 1,300 student loan account log-in details."
"Mwangi and Olatunji were determined fraudsters who systematically targeted British students in order to steal large amounts of money," Detective Inspector Jason Tunn of the Metropolitan Police Central e-Crime Unit (PCeU) said in a statement. "Despite the complexity of the investigation, PCeU investigators working closely with the Student Loan Company and other partners, were able to identify those responsible and bring them to justice."