London credit card fraudsters sent to jail
By UK CreditCards.com
Two London-based conmen have been jailed for their role in a global credit card scam, it has been confirmed.
Gboyega Akinbola, 36, and Oyetundi Oyedeji, 31, were part of a gang that cloned the details of up to 200,000 credit cards in countries as far apart as Egypt and Vietnam.
However, detectives believe the majority of the cases are linked to the UK, where the fraudsters have been obtaining information by hacking into online trading accounts.
The pair were caught after a music store owner in Guildford, Surrey, alerted police following a suspicious transaction in June 2008.
Judge Christopher Hardy, who sentenced Mr Akinbola and Mr Oyedeji to 42 months and two years respectively at Southwark Crown Court, noted that the scam exposed a "shocking hole in the banks' credit system".
Published: 8 January 2010
- What protections do credit cards offer (besides Section 75)? – Section 75 is a well-known credit card protection, but it's not the only one. Here are some lesser-known defences ...
- Equifax reveals millions affected in data breach – Millions of records were accessed and hundreds of thousands are at high risk after the Equifax data breach ...
- Equifax suffers major breach - are you affected? – A breach at Equifax exposed details of millions of US consumers - and some UK consumers. Here's what you need to know ...