Six face sentencing for Internet ID theft and fraud

Friday, 21 November 2003, 2:26 PM EST

Six men will be sentenced at Wood Green Crown Court on Friday, after pleading guilty to using the Internet to defraud UK banks to the tune of £350,000.

The six men, aged between 21 and 39, obtained false identities over the Internet and used them to open bank accounts, arrange overdrafts and apply for credit cards, according to the National Hi-Tech Crime Unit (NHTCU), which was responsible for investigating the crimes and arresting the men.

According to the NHTCU, Lloyds TSB was hardest hit, losing £315,000 while the Halifax and the Co-operative Bank lost a combined total of £30,000 over a period of two years.

[ Read more ]




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