Cybercriminal Imprisoned for 45-Months for Defrauding Students of UK

Mirror.co.uk reported on 14th December, 2013 reporting that a 29-year old cyber crook of Blackley, Manchester, UK, named Olajide Onikoyi has been jailed for 45 months because he stole hundreds of thousands of pounds from UK students.

The victims received fake emails that told them to update their details of loan account through a link to a fake or phishing site. When the website was accessed by the innocent students, Onikoyi was capable to gain unauthorized access to banking accounts of the students and extort huge sums of money.

Onikoyi is said to have laundered a total 393,000 Pounds obtained from 238 victims.

Authorities with detectives concluded that the Nigerian crook was one of the members of the plot after examining many machines and storage devices apprehended in December 2012 and the man was arrested in January 2013.

Detectives worked along with the financial industry, Internet Service Providers (ISPs) and Student Loans Company which regularly gave forewarning about scams of such types.

Zeenews.india.com published a report on 15th December, 2013 quoting a warning by Heather Laing, Fraud Prevention and Detection Manager of Student Loans Company as saying that all students must be wary to these scams and remain cautious to endeavor to cheat them and steal their funds mainly during time of payment.

Onikoyi plead guilty on December 2013, and was thus sentenced to thirty-six months in prison for conspiring to deceive and nine months for attempts to laundering of money which will run consecutively.

News.sky.com published a report on 14th December, 2013 quoting Jason Tunn, Detective Chief Inspector of Cyber Crime Unit of Met Police as saying that my officers toiled persistently to secure conviction of Onikoyi and they inspected numerous leads to identify affiliates of this gang of which Onikoyi was a main member. He (Onikoyi) had a major role in the rip-off by striking British students and financial institutions of UK in order to embezzle money which was then dispensed across many bank accounts.

Meanwhile, two other cybercriminals from Greater Manchester have been imprisoned already for their crucial part in the scam besides two other Nigerian nationals from London who have also been jailed for related offences.

» SPAMfighter News - 12/23/2013