[ISN] Police smash UK's biggest credit card fraud ring

From: InfoSec News (isnat_private)
Date: Tue Sep 09 2003 - 01:14:44 PDT

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    http://www.theregister.co.uk/content/55/32704.html
    
    By Drew Cullen
    Posted: 08/09/2003 
       
    Three men are facing long jail sentences after pleading guilty, Friday
    (Sept. 5) to running the UK's biggest ever credit card fraud at
    Middlesex Guildhall Crown Court.
    
    The trio stole details of 847 cards of Heathrow Express rail
    passengers who had paid for their journey by credit cards. They passed
    on the infor a gang of forgers who cloned 8,790 credit cards for use
    in the UK and on the Continent. The cloners were able to use only 10
    per cent of the numbers, pocketing 2m for the gang. Police estimate
    that the gang could have gained 20m if all the credit card numbers
    had been used.
    
    Mastermind was Sunil Mahtani, 26, a non-resident Indian national who
    worked in IT for Checkline Plc, the company that processed Heathrow
    Express's credit card transaction. Mahtani obtained the data simply by
    downloading it from the computer processing the transactions.
    
    His scam ran for three years, ending in September 2001, after a sting
    conducted by undercover police.
    
    The court heard that Mahtani stole the money to impress his
    girlfriend, a successful investment banker.
    
    As well as Mahtani and his two co-defendants, eight more people were
    arrested in connection with the case. The eight were released on bail.
    
    
    
    
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