Ashford man ‘fuelled by greed’ imprisoned for £240,000 fraud

May 18, 2018
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A man from Ashford has been jailed for five years after defrauding a company of £240,000.

Peter Chinaka, 62, of Hengrove Crescent, used a fake email address to trick other companies into paying money into his own bank account, Surrey Police said.

The fake email address used the name of someone working in the accounts team of a British-based company involved in developing software for the computer chip industry.

According to police , Chinaka worked with others to target customers based in China, asking them to issue payments for future work into a bank account he controlled.

Payments totalling £240,000 were deposited in Chinaka’s account over the course of just two months, between December 2015 and January 2016.

Peter Chinaka, who was sentenced to five years in prison on May 16 for money laundering
(Image: Surrey Police)

He was arrested in June 2016 and charged with money laundering in February 2017 after an investigation by Surrey Police’s digital forensics team and financial investigators.

He was found guilty of money laundering at Kingston Crown Court on Wednesday (May 16) and sentenced to five years in prison.

Detective Sergeant Ben Kirby said: “This was a clear attempt to defraud a business by convincing customers to send all future payments to a different bank account.

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“The scam went undetected as it did not impact on a single transaction but an entire process. The man responsible was fuelled by greed and saw this business as a target. He will now spend time behind bars as a result of his actions.

“Although it’s unfortunate that the British company in question has been a victim here, it emphasises the need for valid, effective cyber-security software to reduce the risk of breaches such as email addresses being cloned.

“If you’re asked to change the bank details of those you regularly pay, we recommend calling the company or individual who has asked directly and confirm this over the phone.

“Also, keep a close eye on spelling in emails. Emails such as the one involved in this case, and other phishing emails, often have poor spelling and grammar which is often a sign that it is a scam.”

Article source: https://www.getsurrey.co.uk/news/surrey-news/ashford-man-fuelled-greed-imprisoned-14673373


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