UK authorities have sentenced a man and a woman for laundering £283,000 ($330,181) in fraud proceeds. The duo had targeted 20 victims, including a care home, two law firms and several manufacturers.
The 58-year-old male convict had pleaded guilty to money laundering in December 2021, and received a 46-month prison sentence earlier this month. Meanwhile, the 38-year-old female convict received an 18-month community order in December 2021. She was also ordered to complete 100 hours of unpaid work and a 10-day Rehabilitation Activity Requirement.
The City of London Police first received a tip about the illicit activity in 2017 from a bank where the female convict asked to get £800 worth in exchange for damaged £50 bills. Thereafter, the police arrested her in February 2018. Further investigation revealed that the convict had several bank accounts in her name with large, unexplained cash deposits. These deposits came from companies whose employees received fraudulent emails, from the conspirators purporting to be senior managers, requesting cash payments into accounts allegedly owned by a supplier or business. The police arrested the male convict in August 2018 after the female convict’s mobile phone linked the two.
Source: City of London Police