tao Posted June 22, 2017 Share Posted June 22, 2017 An online fraudster has been jailed after pocketing nearly £100,000 by exploiting a glitch in his online banking platform. James Ejankowski, 24, defraud the Clydesdale Yorkshire Bank of more than £99,000 in December last year, according to the Teeside Gazette. It was claimed at Teeside Crown Court that Ejankowski discovered a bug in the portal whereby he could transfer sums of money between current and savings accounts without the bank knowing – as long as he did so between the hours of midnight and 1am. That meant he could ensure a credit balance in one account for that hour even if there was actually no money there. Ejankowski is said to have transferred over £53,000 to his partner’s account and over £1300 to his father-in-law, whom he told he’d won the money on a scratchcard. Some of the funds were reportedly used to pay off debts, given as gifts to family members, and to buy a Range Rover and BMW, as well as several facial tattoos. When he finally handed himself in to police on Boxing Day he claimed there was just £40 left. Ejankowski of Clarence Road, Bridlington, was jailed for 16 months after he pleaded guilty to fraud and his partner Charlotte Slater was handed six months suspended for 18 months with 30 days “rehabilitation activities” after admitting acquiring criminal property. The jail term probably came as a result of Ejankowski having previously been convicted in 2015 for fraud related to selling items on the internet, for which he reportedly served community punishment. The bank has apparently now fixed the online loophole which enabled the fraud. Online banking fraud actually fell between 2015 and 2016, according to Financial Fraud Action UK. The payment industry body revealed earlier this year a drop of 24% to just £102m, while the number of cases increased slightly, by 2%. < Here > Link to comment Share on other sites More sharing options...
BioHazard Posted June 22, 2017 Share Posted June 22, 2017 If he didn't turn himself in and the bank wouldn't notice the bug? Link to comment Share on other sites More sharing options...
info999 Posted June 22, 2017 Share Posted June 22, 2017 why the fuck did he turn himself in ? Link to comment Share on other sites More sharing options...
edwardecl Posted June 22, 2017 Share Posted June 22, 2017 If I knew about a bug like that I would have opened an account in someone else's name and ripped right into it, set up an ofshore account then buy a crap ton of bitcoins. Have fun tracing that. They probably found out what he did because he was probably idiotic enough to do a single transaction over £5000.00 which alerts the police / HMRC. Link to comment Share on other sites More sharing options...
sefton22 Posted June 22, 2017 Share Posted June 22, 2017 5 hours ago, edwardecl said: If I knew about a bug like that I would have opened an account in someone else's name and ripped right into it, set up an ofshore account then buy a crap ton of bitcoins. Have fun tracing that. They probably found out what he did because he was probably idiotic enough to do a single transaction over £5000.00 which alerts the police / HMRC. but it says "... he could transfer sums of money between current and savings accounts without the bank knowing".... Link to comment Share on other sites More sharing options...
mikie Posted June 23, 2017 Share Posted June 23, 2017 Starting at Midnight, everybody in the world will be moving money all around in their banks with fingers crossed Link to comment Share on other sites More sharing options...
edwardecl Posted June 23, 2017 Share Posted June 23, 2017 2 hours ago, sefton22 said: but it says "... he could transfer sums of money between current and savings accounts without the bank knowing".... But if he was transferring/spending more than £5000 from his account in one go then they would have been alerted. Like the article says "Ejankowski is said to have transferred over £53,000 to his partner’s account", that was the mistake, they would have reviewed that, they might have not know about the bug at the time, but they knew large amount of money were leaving the account and by law they have to report that. Link to comment Share on other sites More sharing options...
JimmySvert Posted June 24, 2017 Share Posted June 24, 2017 On 22/6/2017 at 6:26 PM, info999 said: why the fuck did he turn himself in ? On 23/6/2017 at 4:23 AM, edwardecl said: But if he was transferring/spending more than £5000 from his account in one go then they would have been alerted. Like the article says "Ejankowski is said to have transferred over £53,000 to his partner’s account", that was the mistake, they would have reviewed that, they might have not know about the bug at the time, but they knew large amount of money were leaving the account and by law they have to report that. Eventually he would get caught. That's why most fraudster are eager to get access to other people's bank account or credit card info. Most probably he would get an award if he did inform the bank without making the transactions (clicking the confirmation message at the end or whatsoever). Link to comment Share on other sites More sharing options...
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