Police arrest new suspects in 2011 student phishing scam

More alleged gang members picked up

Three men have been arrested in a follow-up operation linked to a phishing scam uncovered in 2011 that stole £1 million from UK students by impersonating the official loans company.

Two of the unnamed individuals were arrested in the Manchester area on suspicion of conspiracy to defraud and money laundering, while the third was accused of handling stolen goods, the Police Central e-Crime Unit (PCeU) said.

Although all have been bailed, police have placed restraints on bank accounts allegedly used for money laundering.

In December 2011, police arrested four men and two women in connection with the original investigation into a brazen con the previous August in which a bogus copy of the Student Loans Company website was used to trick new students into revealing bank account details.

The trick worked, resulting in thefts ranging from £1,000 to £5,000, police said at the time. The numbers affected were believed to be in excess of 1,300 people, enough to quickly alert Loans Company staff to what was going on.

Two men were jailed last July for their parts in the scam, Britons Damola Clement Olatunji and Amos Njoroge Mwangi for six and a half years and three years, three months, respectively.

"Mwangi and Olatunji were determined fraudsters who systematically targeted British students in order to steal large amounts of money," said Detective Inspector Jason Tunn of the Metropolitan Police Central e-Crime Unit (PceU) at the time.

Tags: Personal Tech, PCeU, security

Chrome OS may kill the password with Easy Unlock smartphone option

READ THIS ARTICLE
DO NOT SHOW THIS BOX AGAIN [ x ]
Comments are now closed.
CSO Corporate Partners
  • Webroot
  • Trend Micro
  • NetIQ
rhs_login_lockGet exclusive access to CSO, invitation only events, reports & analysis.
CSO Directory

Fraud Management Solutions

Reduce fraud losses regardless of channel by preventing cybercrime, identity theft, and other threats targeting your customers.

Latest Jobs
Security Awareness Tip

Incident handling is a vast topic, but here are a few tips for you to consider in your incident response. I hope you never have to use them, but the odds are at some point you will and I hope being ready saves you pain (or your job!).


  1. Have an incident response plan.

  2. Pre-define your incident response team 

  3. Define your approach: watch and learn or contain and recover.

  4. Pre-distribute call cards.

  5. Forensic and incident response data capture.

  6. Get your users on-side.

  7. Know how to report crimes and engage law enforcement. 

  8. Practice makes perfect.

For the full breakdown on this article

Security ABC Guides

Warning: Tips for secure mobile holiday shopping

I’m dating myself, but I remember when holiday shopping involved pouring through ads in the Sunday paper, placing actual phone calls from tethered land lines to research product stock and availability, and actually driving places to pick things up. Now, holiday shoppers can do all of that from a smartphone or tablet in a few seconds, but there are some security pitfalls to be aware of.