A group of criminals who created a credit card cloning business that made £3.5 million in a week have been sent to jail.
Four fraudsters have been jailed for a total of 18 years after being found guilty of operating a global credit card cloning business.
The gang ran their operation from a two-bedroom council flat in Walworth, London. When police raided the property they discovered lists of credit card details, fake cards, stolen passports as well as cloning equipment capable of producing fake cards.
At the case in the Old Bailey, jurors heard how the fraudsters had taken advantage of the takeover of Morgan Stanley by Barclaycard last year. During the merging of the two firms, security systems were not working correctly, allowing the group to defraud 2,000 accounts in 27 countries between September 28th and October 8th.
They succeeded in making £3.5 million from the fraudulent activity. During proceedings, the individual members - all Chinese nationals - attempted to blame each other.
Khi-San Voong was jailed for five years. His girlfriend Qiu Yeu and accomplice Qiang Xue were put in prison for four and a half years, while Mr Xue's girlfriend Cai Caixa was sent to prison for four years. Ms Caixa was the only member of the group to admit guilt during the trial.
