3 Men Sentenced For £1M Credit Scam On AmEx, Others
Law360, London (December 13, 2018, 9:12 PM GMT) -- Three London men have been sentenced to hefty prison time for bilking the likes of American Express and Barclaycard out of £1 million ($1.27 million) in a fake credit application scheme known as short firm fraud, the police said.
The trio are among six men who were found guilty of creating fake companies to apply for credit from leading lenders and then using the money to purchase some £126,000 in mobile phones and tablet devices, as well as pricey watches from Cartier and Rolex SA and goods from Burberry, the City of London Police said Wednesday.
After establishing inactive companies using false documents and appointing fake directors,...
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