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A criminal from Wolverhampton who was involved in a £125K "money muling? scam was sentenced on 30 June 2021 at Wolverhampton Crown Court to three years in prison. Prince Sean Namalima, 20, pleaded guilty to conspiracy to convert criminal property, following a successful investigation by the Dedicated Card and Payment Crime Unit (DCPCU), a specialist police unit funded by the banking and cards industry.
Mr Namalima was found to have transferred and withdrawn money from various bank accounts belonging to other individuals recruited to accept large amounts of illegally obtained money, known as money mules.
Police officers seized a mobile phone when they searched Mr Namalima's address in Wolverhampton. The phone contained images of bank payment cards and the financial and personal details of various account holders. It also contained images of bundles of cash, which had either been taken at ATMs or in Mr Namalima's bedroom, and videos of Mr Namalima using ATMs or carrying large amounts of cash.
Additionally, police discovered chat messages showing Mr Namalima's conversations with money mules, who would allow their bank accounts to be used to cash out fraudulent funds. Mr Namalima was found to have committed this fraud at various locations across the West Midlands, including Wolverhampton, Walsall, Birmingham, and Warwick University campus.
Detective Constable Ben O'Shea, who investigated the case for the DCPCU, commented:
This criminal mistakenly thought he could get away with committing fraud by exploiting others? bank accounts to clean dirty money. ?Fortunately, we were able to detect this fraudster and bring Mr Namalima to justice. ?This sentencing is a warning to those who believe they can benefit financially from fraud that they will be caught and punished.
This criminal mistakenly thought he could get away with committing fraud by exploiting others? bank accounts to clean dirty money.
?Fortunately, we were able to detect this fraudster and bring Mr Namalima to justice.
?This sentencing is a warning to those who believe they can benefit financially from fraud that they will be caught and punished.
UK Finance Press Office 020 7416 6750press@ukfinance.org.uk
<ol><li>For more information or any images, please contact the UK Finance press office on 0207 416 6750 or <a href="mailto:press@ukfinance.org.uk">press@ukfinance.org.uk</a>.</li> <li>The banking and finance industry is working hard to tackle money mule fraud by: <ul><li>Deterring young people from becoming money mules through the <a href="https://eur01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fmoney… Be Fooled</a> campaign, run jointly by UK Finance and Cifas. More advice from the campaign on how to avoid becoming involved in money mule fraud is available <a href="https://eur01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fmoney…; <li>Funding the Dedicated Card and Payment Crime Unit (DCPCU), a specialist police force that targets the criminal gangs behind fraud. The DCPCU has worked with social media companies to take down 732 accounts linked to fraudulent activity i<a href="https://www.ukfinance.org.uk/press/press-releases/banking-industry-fund… 2020</a>, of which 258 were involved in recruiting money mules.</li> <li>Working with Pay.UK to implement the <a href="https://eur01.safelinks.protection.outlook.com/?url=https%3A%2F%2F74n5c… Insights Tactical Solution (MITS)</a>, a technology that helps to track suspicious payments and identify money mule accounts.</li> <li>Working closely with law enforcement to identify, arrest and charge the criminal gangs responsible for recruiting money mules.</li> <li>Using sophisticated fraud detection software to monitor potential money laundering behaviour among account holders.</li> </ul></li> <li>The Dedicated Card and Payment Crime Unit (DCPCU) is a unique pro-active police unit, with a national remit, formed as a partnership between UK Finance, the City of London Police and the Metropolitan Police together with the Home Office. It is fully sponsored by the cards and banking industries, with an on-going brief to investigate, target and, where appropriate, arrest and seek successful prosecution of offenders responsible for card, cheque and payment fraud crimes. It is headed up by a Detective Chief Inspector and comprises officers from the Metropolitan and City of London police forces who work alongside banking industry fraud investigators and support staff. <a href="https://eur01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.u… 2020</a>, the unit prevented almost £20 million of fraud, disrupted 26 organised crime groups (OCGs), arrested 122 suspected criminals, and secured 54 convictions, including a man who was jailed for sending scam text messages exploiting the Covid-19 pandemic.</li> </ol>
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