Man sentenced to four years in prison for phishing scam

Share this article:

A Nigerian man was sentenced to nearly four years in prison after running a phishing scam that targeted students in the UK. 

Arrested by London's now defunct Metropolitan Police e-crime unit, 29-year-old Olajide Onikoyi of Manchester, pleaded guilty to the ruse, as well as one charge of money laundering, and will serve three years and nine months in prison for the ruse. 

According to a report by The Guardian, Onikoyi targeted students with messages that led them to a bogus student loan site. There, they were prompted to submit banking details, which he used to make fraudulent withdrawals. The largest was more than $31,000. 

In all, 238 victims were affected by the scam, and more than $640,000 was stolen. After seizing his computer, authorities analyzed chat logs that revealed he conspired with others in the UK, as well as Russia and Lithuania.

Share this article:
You must be a registered member of SC Magazine to post a comment.

Sign up to our newsletters

More in News

Beazley: employee errors root of most data breaches, but malware incidents cost ...

Insurance firm Beazley analyzed more than 1,500 data breaches it serviced between 2013 and 2014.

Apple issues seven updates, fixes more than 40 vulnerabilities in iOS 8, OS 10.9.5

Apple issues seven updates, fixes more than 40 ...

In one of its infrequent "Update Surprisedays," Apple plugged holes, boosted security and added features.

Canadian telecom co. Telus unveils first transparency report

The company received more than 100,000 government requests for customer data last year.