750 businesses were said to have been victims of the scam.
A policewoman and her husband have been accused of money laundering in one of Britain’s biggest cases of cyber fraud.
Manpreet Shergill, 33 from Slough, worked for the Met Aviation Policing Command. Her husband, Hardial Shergill, 33, was a Lloyds bank worker.
The couple were said to be not working alone. The whole cyber fraud scheme is said to have been created by a Feezan ‘Fizzy’ Choudhary, from Glasgow. Together they were allegedly responsible for laundering £113 million.
The court heard that False Lloyd workers would claim to their victim companies that they were being hacked. They would persuade them into revealing their account details and then hack their accounts.
The money would then be transferred to accounts given by corrupt bank workers. The same money would then be withdrawn from ATMs not long after it had been transferred.
750 businesses were said to have been victims of the cyber fraud scam. The victims were said to have been, “taken in very easily.” They said they were left “devastated” by the faux.
For the accusation, Manpreet Shergill has not yet entered a plea, as the couple both appeared at Southwark Crown Court for a preliminary hearing. The trail is set to take place on 14th August 2017.
Hardial Shergill has denied the charge of money laundering and cyber fraud. The couple were released on conditional bail, until the next hearing on 20th February 2017.
The mastermind behind the scam, Choudhary, was jailed for 11 years in September 2016. He was sentenced at Southwark Crown Court.
According to The Sun, Choudhary made approximately £3 million a month. He was even able to fly staff from Platinum Polish in Glasgow to Lahore, Pakistan to polish his array of Porches.
The Glaswegian owned a vast array of cars, including a Bentley and a Lamborghini.
At the time of his trial, Michael Shorrock QC, prosecuting, called it: “A nationwide conspiracy to defraud companies and businesses by hacking into their business accounts and stealing large sums of money.”
“Literally within a blink of an eye, this money was being moved from one account to another. On occasions, the breach is accomplished by corrupting bank employees who pass on customers’ information to those committing the fraud.”
“The fraudsters were able to interfere with the telephone system of the bank customers so the customer was unable to receive calls while the fraud was taking place.”
The Shergill’s hearing will take place on 20th February 2017 whilst Choudhary remains behind bars.