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Home » Hacking News » Jailed for £6.5m phishing

Jailed for £6.5m phishing

by Nikola Strahija on June 28th, 2005 Douglas Havard, 24, was sentenced to six-year imprisonment on Monday at Leeds Crown Court after pleading guilty to conspiracy to defraud and conspiracy to launder money. His accomplice, Lee Elwood, 25, of Glasgow, was jailed for four years after pleading guilty to the same offences in June 2004.

The duo operated the phising action in UK, as a part of an international operation that tricked consumers into handing over their banking information to false websites. The pair used credit cards information to buy goods and make cash withdrawals.

Their criminality was exposed during a National Hi-Tech Crime Unit (NHTCU) investigation of eastern European phishing fraudsters. Police reckon Havard and Elwood stole over £750,000 during the 10-month period of the investigation but estimate they could have stolen as much as £6.5m over two years.

Havard confessed to receiving data dumps of compromised account details from criminal associates in Russia. Havard and Elwood and their UK allies would take a cut before forwarding the balance back to Russia. Police found forged travellers' cheques, financial documents relating to 10 bank compromised bank accounts and cash when they raided Havard's flat.

Intelligence recovered led to a raid on Elwood's home where police recovered forged documentation and bank documents as well as a cache of credit card counterfeiting equipment.

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