On Feb. 17, UK FB reported two men jailed for £7.3mn fraud scheme.
UK FB reported that a bank manager and friend were sentenced to a combined nine-and a half years in prison for opening bank accounts to launder money from fraud.
Details
Between 2017 and 2019, Jan Ciecierski and Rukon Miah, both 39, opened 394 fraudulent business accounts that were used to launder fraudulently obtained funds.
Miah worked as a Business Manager at the bank and Ciecierski supplied counterfeit documents for Miah to open the accounts; the fraudulent money was then passed through the bank accounts to be cashed out or was sent to offshore banks.
The money funnelled through the accounts was mostly obtained by fraud committed against UK and International companies, including charities, as well as individuals.
Miah worked at the bank for 6 years before being arrested in 2019 for conspiracy to defraud the bank; Ciecierski was linked to the fraud as Miah gave names, addresses, ID documents of individuals, and counterfeit utility bills used to open accounts.
In total, Ciecierski and Miah stole around £7.3mn from defrauding open bank accounts which subsequently were used to steal and receive money from fraudulent conduct.
Sentencing
The men were sentenced at Southwark Crown Court after investigation and arrest by specialist banking industry sponsored police unit, Dedicated Card and Payment Crime Unit (DCPCU), a collaboration between UK Finance, City of London Police, Met Police.
Ciecierski received four years in prison, while Miah received five-and-a-half years.
