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Thursday 31 January 2013

Brothers who conned hundreds of vulnerable victims in £250,000 bank fraud spent proceeds on 'jet-set lifestyle and £1,000 pairs of flip flops'

Two brothers who masterminded a £244,000 fraud from their council house bedroom have been jailed for a total of 10 years.
Shilu Miah, 31, and his sibling Dulu Miah, 26, used confidential information passed on from a bank 'insider' to steal elderly and vulnerable people's life savings from 218 accounts.
The criminals spent most of the cash from the 12-month scam on luxury holidays, cars and designer clothes, including Louis Vuitton flip flops ' to the tune of £1,000 a pair', Blackfriars Crown Court heard.
The brothers also went on shopping sprees at Selfridges and Harrods as well as drinking champagne at nightclubs in London's West End.

Victims had been conned after the fraudsters telephoned them pretending to be from their bank.
After speaking on the phone and getting vital details such as a pin number, a taxi was sent to the victim’s house to pick up the bank card and deliver it to the gang.
As well as dressing in Ralph Lauren clothes , Dulu Miah enjoyed two sunshine trips to Miami at his victims' expense, booking an ocean-room at the Ritz Carlton on one of his lavish breaks.
Judge Aidan Marron, QC, said the brothers had not shown a 'morsel of remorse' as he jailed them.

The judge said they had resorted to making 'sinister threats' to persuade their elderly victims, aged in their 80s and 90s, from Camden, north London, to hand over bank cards and details.
Judge Marron told them: 'You clearly had some access to private and confidential bank information, because the information with which you were armed to incite this conspiracy could only have come from the confidential files in a bank.
'The conspiracy lasted for about 12 months, involving about 220 different cases and the loss in the region of a quarter of a million pounds was occasioned.'

They used their parents' council home in King's Cross as the nerve centre of their fraud.
Shilu Miah even set up a bogus 0845 number at their house from which at least 218 victims were called by men posing as bank staff.
The targets were conned into handing over vital details such as PIN numbers to the fraudsters. A taxi was then sent to the victims' homes to pick up the card and deliver it to the gang.
The cards were then used to either siphon cash out of the person's account or open up a loan.
Police launched a string of raids on July 5 last year to smash the complex crime ring after carrying out a huge investigation.

SOURCE 




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