A 33-year-old man, Mohammed Owodunni, has pleaded guilty in Truro Crown Court over five counts of frauds and money laundering. Mohammed, who was born in Nigeria and a resident of London, was ceased by authorities because of hacking into the bank accounts of several Cornish businesses.
According to the Judge Simon Carr, Mohammed was responsible for two complex and lengthy frauds. The first fraud involved hacking into legal trader’s email system and altering the banking information. Hence, customers would pay money to him instead of the traders.
The judge went on to say that the second fraud involved stealing the identities of people online before applying for credit cards. Mohammed would then run the credit cards until they were stopped.
According to the prosecutor, Lee Bremridge, the fraudster happened from 2017 to 2018 where Mohammed hacked into the account of a legitimate businessman. Five citizens who were vulnerable and some elderly made transactions to the tradesman through bank transfers, not knowing that the account numbers had been altered.
The money was transferred to the fraudsters who quickly layered it through multiple accounts and then withdrew it. This fraudster led to a loss of $22,000, which was meant to be paid to the legitimate businessman.
The other fraud involved Mohammed and others stealing peoples identity online before obtaining credit cards to make large purchases.
According to police investigation, very large amounts of money were being transacted in different bank accounts that were linked to Mohammed and his team. These accounts have actually no legitimate income.
Since most of the victims who were severely affected by the crimes committed by Mohammed and his team resided in Cornwall, the sentencing was done at Truro Crown Court.
However, Jo Morris, who represented Mohammed in the court, said that the accused was not aware of the vulnerability of the victims and didn’t have any contact with them. He went on to say that Mohammed was a primary carer for children and he turned to crime after he couldn’t find work or get benefits because of a change in law.
When giving his verdict, Judge Simon Carr jailed Mohammed for two and a half years, saying that the crime shook the confidence in the internet banking system.