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Credit Card Scam UnearthedSix men in a credit card scam have been jailed. They were found to have stolen almost 300,000 pounds from casinos and supermarkets by cloning cards. They will be getting up to five years each for the fraud. The men were from Middlesex and London. What they did was to use credit cards and cheques to buy cigarettes, alcohol, and credit. The cheques bounced. The scam affected shops and casinos in the London, Yorkshire, and Bournemouth area. The six men did plead guilty to conspiracy to defraud during a six month term in 2006. Kumaran Theivendran age 29 and Uthayara Sithirathasan 35 will be receiving three years in prison. Christy Balasingham age 28 has a three and a half year sentence. Kumarasritharan Mukundan age 28 has a two year and nine months sentence. Raja Ramasamy age 32 will receive 5 years. These five individuals pleaded conspiracy to defraud. They sold the merchandise to fellow members of the Tamil Community who used fake licenses to sell in Kingsbury and North West London. Thomas Jegandass age 27 will serve two and a half years since he was part of the scam that occurred in January of last year. Both Ramasamy and Jegandass have been recommended for deportation. The Bournemouth Conspiracy as it was called by the courts managed to steal 90,000 pounds by purchases made at Tesco, Sainsbury’s and Marks and Spencer stores. The thefts occurred from Dorset to Yorkshire. Rosina Cottage, who was the prosecutor in the case found thousands of documents regarding 362 bank accounts used in the scheme. Scotland Yard discovered the theft and found that accounts have been opened by members of Tamil from southern India or Sri Lanka. This is where they sold the details after they left the UK. There are more members of the gang that have yet to be caught though. They are on the run and could be operating elsewhere. They also believe this gang has been in place since 2002 and probably made millions of pounds off of various schemes that are alike in sophistication, calculation, and planning. The intervention of the police has saved those who were stolen from as there could have been a greater loss, but it will not stop the overall theft. Credit card theft will continue to be serious as long as the consumer and the retail shops are unprotected as they have been in the past. It is up to the retail stores and consumers to pay attention. Back To Financial News May 2008 Are air miles credit cards right for you? |
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