Feeds

£6.5m phishing duo jailed

Sprats

  • alert
  • submit to reddit

Top 5 reasons to deploy VMware with Tegile

An American who masterminded the UK part of a multi-million pound ID theft scam was yesterday jailed for six years. Douglas Havard, 24, was sentenced 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 court heard the duo were integral to a phishing scam that netted an estimated £6.5m. The duo operated the UK end of an international operation that tricked consumers into handing over their banking credentials to bogus websites. The pair used credit cards obtained under false names, money raided from compromised bank accounts and the illicit purchase and sale of goods online to finance a lavish lifestyle.

Their criminality was exposed during a National Hi-Tech Crime Unit (NHTCU) investigation into 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 raked in as much as £6.5m over two years.

Havard confessed to receiving data dumps of compromised account details from criminal associates in Russia. This information was used to pay for goods online, sold in auctions by criminal affiliates in the UK. 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.

Police said Havard and Elwood were active on illegal "carding websites" such as carderplanet and shadowcrew, The Scotsman reports. The paper adds that Havard faces charges counterfeiting and armed robbery in Texas. ®

Related stories

Four charged in landmark UK phishing case
UK banks launch anti-phishing website
DIY phishing kits hit the Net
UK police issue 'vicious' Trojan alert
UK police arrest 12 phishing mule suspects
eCrime cost UK.biz £2.4bn in 2004
US Secret Service busts 28 ID fraudsters

Internet Security Threat Report 2014

More from The Register

next story
'Kim Kardashian snaps naked selfies with a BLACKBERRY'. *Twitterati gasps*
More alleged private, nude celeb pics appear online
Hackers pop Brazil newspaper to root home routers
Step One: try default passwords. Step Two: Repeat Step One until success
UK.gov lobs another fistful of change at SME infosec nightmares
Senior Lib Dem in 'trying to be relevant' shocker. It's only taxpayers' money, after all
Spies would need SUPER POWERS to tap undersea cables
Why mess with armoured 10kV cables when land-based, and legal, snoop tools are easier?
TOR users become FBI's No.1 hacking target after legal power grab
Be afeared, me hearties, these scoundrels be spying our signals
Snowden, Dotcom, throw bombs into NZ election campaign
Claim of tapped undersea cable refuted by Kiwi PM as Kim claims extradition plot
Freenode IRC users told to change passwords after securo-breach
Miscreants probably got in, you guys know the drill by now
THREE QUARTERS of Android mobes open to web page spy bug
Metasploit module gobbles KitKat SOP slop
BitTorrent's peer-to-peer chat app Bleep goes live as public alpha
A good day for privacy as invisble.im also reveals its approach to untraceable chats
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.