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Banks/Financial Institutions – Case Study 1
In September 2009, seven bank accounts were identified which were involved with the circulation of funds
between different banks to obtain credit facilities. By linking transfers in and out of the accounts, searching on
names and addresses used, 54 accounts were identified all opened using identification obtained by one
suspect dating back to 2002. A further 43 identities were also used to obtain Department of Work & Pension
In September 2009, seven bank accounts were identified which were involved with the circulation of funds
between different banks to obtain credit facilities. By linking transfers in and out of the accounts, searching on
names and addresses used, 54 accounts were identified all opened using identification obtained by one
suspect dating back to 2002. A further 43 identities were also used to obtain Department of Work & Pension
benefits which were also paid through the bank accounts.
A full evidence package was taken to the City of London Police, who were also coincidently investigating the
the same suspect for making multiple applications for provisional driving licences via post offices using
the same suspect for making multiple applications for provisional driving licences via post offices using
counterfeit/stolen passports.
A joint operation was set up and the arrest of suspect David Peters was made on 2nd December 2010. Peters
was charged with 6 counts of making a false statement with a view to obtaining benefit; 12 counts of possession
of criminal property; 3 counts of obtaining property by deception; 6 counts of fraud and 4 counts of possession
on false identification documents. Peters was sentenced on the 6th July 2011 and received a prison sentence
of 5 years 8 months and will be stripped of his nationality and deported at the end of his sentence.
was charged with 6 counts of making a false statement with a view to obtaining benefit; 12 counts of possession
of criminal property; 3 counts of obtaining property by deception; 6 counts of fraud and 4 counts of possession
on false identification documents. Peters was sentenced on the 6th July 2011 and received a prison sentence
of 5 years 8 months and will be stripped of his nationality and deported at the end of his sentence.
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