Fraudsters Had Access to 200,000 Credit Card Details

SOCA has released a statement after 2 credit card fraudsters pleaded guilty to conspiracy to defraud. Gboyega Akinbola and Oyetundi Oyedeji, both Nigerian men living in London conspired in a global fraud which caused losses in the tens of millions of pounds.

They bought compromised card details and used them to commit hundreds of fraudulent transactions. They have been linked to over 200,000 compromised cards, around 90% of which were from the UK. They were caught out after a business man noticed a number of suspicious transactions on his company’s website and reported the information to Surrey Police who in turn called in SOCA to investigate.

Laptops recovered from an address in Beckton contained 195,00 card details including security codes, start dates and expiry dates. An email recovered also claimed to offer another 1million card details for sale. IP addresses were traced to Egypt and Vietnam, and arrests have been made in these countries as a result of the London operation.

Akinbola & Oyedeji have been sentenced to 3 and a half and 2 years respectively, and are expected to be deported as a result of their convictions.