Organizer of Darkmarket fraud website jailed
A man who created a website trading in stolen financial information linked to tens of millions of pounds in losses has been jailed for nearly five years.
Renukanth Subramaniam, 33, founded Darkmarket, a “Facebook for fraudsters” where criminals could buy and sell credit card details and bank log-ins.
The site was shut down in 2008 after an FBI agent infiltrated it, leading to more than 60 arrests worldwide.
Subramaniam admitted conspiracy to defraud at Blackfriars Crown Court.
He also pleaded guilty to mortgage fraud.[…]
Also sentenced was Darkmarket user John McHugh, 66, of Doncaster, South Yorkshire, who had the sign in “Devilman” and created fake credit cards that were sold through the site.
He was jailed for two years for conspiracy to defraud.
Read more on BBC News.