Men jailed for student phishing scam that stole GBP1.5 million

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Two men have been jailed for their part in a cleverly-targeted phishing scam that managed to steal a total of £1.5 million ($2.3 million) from UK students by impersonating the official loans company.

Timed to coincide with the award of loans last August, the men – Britons Damola Clement Olatunji and Amos Njoroge Mwangi  – were found to have separately sent out large numbers of emails asking students to confirm their bank account details via a bogus website.

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Story added 10. July 2012, content source with full text you can find at link above.