Prison for phishers who targeted university students to the tune of £1.5 million

Filed Under: Featured, Law & order, Phishing, Spam

Student scream. Image from ShutterstockTwo British men have been sent to prison for their involvement in a criminal scheme that targeted students and managed to steal £1.5 million.

Just before students returned to university in September last year, Damola Clement Olatunji and Amos Njoroge Mwangi sent out a flood of emails pretending to be related to loans that the recipients were receiving to support them in their education, and asking students to confirm their banking details.

Believing that it would help them receive funds, thousands of students mistakenly handed over their banking details.

Student loan phishing attack

Student loan phishing attack

Having stolen the login details of respondents, Olatunji and Mwangi stole money from the bank accounts of thousands of students.

When police arrested Mwangi in December 2011, they discovered tools on his computer that allowed him to design phishing emails and create bogus webpages.

On Olatunji's PC details of over 1300 victims were discovered, and evidence that he stole hundreds of thousands of pounds.

37-year-old Olatunji was given a six and half year prison sentence at Southwark Crown Court in London on 6th July. 26-year-old Mwangi had already received a 39 month sentence at an earlier hearing in June. Authorities did not uncover any evidence that the men were working in cahoots, but they were both arrested (alongside others) as part of the same investigation.

"Mwangi and Olatunji were determined fraudsters who systematically targeted British students in order to steal large amounts of money," said DI Jason Tunn of the Met's Police Central e-Crime Unit (PCeU) in a statement. "Despite the complexity of the investigation, PCeU investigators working closely with the Student Loan Company and other partners were able to identify those responsible and bring them to justice."

Screaming college student image, courtesy of Shutterstock.

, , , ,

You might like

4 Responses to Prison for phishers who targeted university students to the tune of £1.5 million

  1. Sirius · 646 days ago

    It amazes me that these fraudsters can manage the programming required to set up something like this, but can't manage basic spelling and grammar.

    It also amazes me that people about to go to University wouldn't be alerted to something being amiss with a message from the Government which has such obviously incorrect spelling and grammar...

  2. Robert W. · 646 days ago

    What amazes me is college students versed in computer usage, knowing phishing
    emails are like this, answered them in the first place and downloaded a trojan or
    other malicious software from an unknown sender without verifying it was sent by
    the real sender first.

    They could have easily gone to the apropriate website first and logged in directly,
    then inquired about it with officials.

  3. gimmer · 646 days ago

    Sirius' second paragraph says it all - send them all down

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

About the author

Graham Cluley is an award-winning security blogger, and veteran of the anti-virus industry having worked for a number of security companies since the early 1990s. Now an independent security analyst, he regularly makes media appearances and gives computer security presentations. Send Graham an email, subscribe to his updates on Facebook, follow him on Twitter and App.net, and circle him on Google Plus for regular updates.