Bank Fraudster jailed for Swindling £200k from Customers

A bank fraudster from Manchester has received a prison sentence after he swindled more than £200,000 from numerous customers.

Bank Fraudster jailed for Swindling £200k from Customers f

"This was a meticulous and fraudulent offence"

Bank fraudster Sheraz Khan, aged 32, of Cheetham Hill, Manchester, was sentenced to four-and-a-half years in prison after he stole more than £200,000 from thirty-one vulnerable customers.

He swindled the money from customer accounts by using his position while working at a bank.

Manchester Minshull Street Court heard that the scam took place during the eight weeks period he worked there.

Khan was employed by a bank in Stockport as a customer service advisor. He worked there between September and November 2016 and committed the fraud during that time.

He would usually speak to elderly and vulnerable customers who needed help transferring cash between accounts.

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Khan would manage to obtain their security details before passing them on to other fraudsters. They would then call the same bank pretending to be legitimate customers.

Over the course of the fraud, thirty-one current accounts were accessed. A total of £204,000 had been extracted from their accounts.

Fraudsters tried to swindle a further £285,000 but were prevented from doing so by the bank.

Police were made aware of the scam by the bank’s fraud investigators and in January 2017, Khan was arrested on suspicion of fraud by abuse of position and later charged.

At Manchester Minshull Street Crown Court, the bank fraudster was convicted of the charge and all customer losses were fully refunded by the bank.

Officers have not revealed which bank Khan was employed by.

Sergeant Andy Devonshire, from the Bolton division of Greater Manchester Police, said:

“This was a meticulous and fraudulent offence from a man who abused his job role and the trust and responsibility that came with it.

“We are satisfied that full justice has been served.”

“In light of this incident, we would like to warn members of the public not to give out their four-digit PIN in any circumstance.

“We would like to thank the co-operation shown by the bank and we hope the victims of this scam can be relieved by today’s outcome.”

Manchester Evening News reported that Sheraz Khan was jailed for four-and-a-half years.

There has been an increasing number of bank workers committing fraud while working there, whether it be defrauding customers or the bank itself.

One case involved Maryam Gill who stole bank details of a customer while working for Santander.

She was a customer service advisor at the bank’s call centre and stole more than £1,800 between May and September 2018.

The court heard she used the money to pay for beauty products and takeaway food. She was jailed for three months.

Dhiren is a journalism graduate with a passion for gaming, watching films and sports. He also enjoys cooking from time to time. His motto is to “Live life one day at a time.”


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