Money laundering cops man 7 years
April 12, 2012 5:16 am
A Vanuatu man living in Fiji has been jailed for seven years for money laundering.
In 2009, Johnny Stephen was emailed by a David Turner, and agreed to receive fifteen million dollars to invest in Fiji.
Later, Stephen was involved in remitting thousands of dollars from his account to the Bank of America.
In the third transaction, he received twenty one thousand dollars from the Cook Islands and was arrested on the same day.
The money had been stolen from genuine Westpac clients who had been tricked into revealing their passwords and P.I.N numbers on line.
Their accounts were then accessed on line and the amounts transferred to the accuser’s bank account.
Stephen will serve a minimum of five years.