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Money Launderer used fake email to cash in £240,000 (31 May 2018)

Date: 31/05/2018
Duncan Lewis, Legal News Solicitors, Money Launderer used fake email to cash in £240,000

A British tech company was targeted by Mr Chinaka who profited more than £240,000 in less than a 2 month period between December 2015 and January 2016. After his arrest in June 2016, Mr Chinaka was charged with money laundering and was recently sentenced to 5 years imprisonment at Kingston Crown Court.

Mr Chinaka prompted the company’s customers to pay for future work direct to his account by sending scam emails. He assumed the name of a person working in the accounts team of the computer software business and sent emails to existing customers in China requesting the payments be made to a new account which he owned.

The reason why the nature of the crime took some time to trace was due to the fact that he implemented the attack through an entire payment process and not a single transaction, making thousands in a very short space of time. The incident was investigated by Surrey Police's digital forensics team and financial investigators which traced the transactions to Mr Chinaka.

The penalties for a money laundering conviction include a jail term of up to 14 years – and a Confiscation Order under the Proceeds of Crime Act will most likely apply if a conviction is obtained.

In this instance Mr Chinaka was sentenced to 5 years which has been determined by his culpability, playing the leading role in the offence, and the sum of the harm which is determined by the value of the money laundered. He was charged according to A – high culpability and category 4 harm, since the money taken was less than £500,000.

Conviction will rely on the prosecution proving that any property involved in money laundering is criminal property – and Duncan Lewis can arrange for expert witnesses such as auditors to examine the details of any financial transaction(s) subject to allegations of money laundering to help build up a defence of the charges.

Our fraud team has extensive experience in defending charges involving money laundering and financial crimes – as well as expertise in cases involving cross-border financial crime and multi-agency investigations involving the City of London Police, Serious Fraud Office, National Crime Agency, Financial Conduct Authority and other investigating or regulatory bodies.

Hardeep Dhaliwal is a specialist in criminal fraud defence work with a significant practice in high-value DWP benefit fraud, MTIC VAT fraud, complex boiler room and money laundering cases. He defends cases investigated and prosecuted by the National Crime Agency (previously SOCA), HMRC, the Serious Fraud Office, UK Borders Agency, Economic Crime Units, the DWP, local authorities and Trading Standards.

Contact Hardeep directly on 020 7275 2029 or email him via hardipd@duncanlewis.com.

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