Student phishing scam: Two men charged with fraud

[Faizann20]

Two men have been charged over a ?1m email scam that took money from the bank accounts of hundreds of students.

Scotland Yard said students on government loans were sent phishing emails that lured them into revealing bank details that were then accessed.

Damola Olatunji, 26, of Hamsterley Avenue, Manchester, and Amos Mwangi, 25, of Rochdale Way, Deptford, London, face a charge of conspiracy to defraud.

They are due to appear at Westminster Magistrates' Court later.

Mr Olatunji is also charged with possession of an article for use in fraud.

Five other people arrested in the investigation have been bailed until March pending further inquiries.

The five bailed are a 25-year-old woman arrested in Manchester, a 49-year-old woman and a 31-year-old man arrested in Stratford, north-east London, and two men, aged 38 and 35, arrested in Bolton, Greater Manchester.

They were all arrested on suspicion of conspiracy to defraud and Computer Misuse Act and money laundering offences.

The Metropolitan Police's e-Crime unit was first alerted to the scam in August 2011 and worked with the Student Loans Company, the banking industry and internet service providers during its investigation.

Phishing is when a legitimate-looking email is sent in an attempt to gather personal and financial information from recipients.

Faizann20 Reviewed by Faizann20 on 10th Dec 2011. Student phishing scam: Two men charged with fraud Two men have been charged over a ?1m email scam that took money from the bank accounts of hundreds of students. Scotland Yard said students on government loans were sent phishing emails that lured them into revealing bank details that were then accessed. Damola Olatunji, 26, of Hamsterley Avenue, Manchester, and Amos Mwangi, 25, of Rochdale Way, Deptford, London, face a charge of conspiracy to defraud. They are due to appear at Westminster Magistrates' Court later. Mr Olatunji is Rating: 5

[foxman]

Nigerian scammers?

[ShareShiz]

Nigerian scammers?

yup. just do a google search on their name.

love to see them in jail.

[foxman]

Honestly, their name is so associated with scammers, they disgrace that country.

[-Im.z2ight-]

Put them in jail!

[Djlatino]

Hey thats not cool. School money is actually hard-earned and shouldn't be taken from anyone. Never fuck with someones school money, thats just plain bad.