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Teenager confesses to GBP12m internet banking fraud

Mon, 29 Nov 2010

A teenager from Portsmouth faces years in prison after he admitted masterminding a £12m online bank fraud .

Nick Webber ran the ghostmarket.net website which sold stolen credit card details and offered online tutorials in a range of lucrative online scams. Around £8m was drained from 65,000 bank accounts with sales of American details for £2 each, £3 for EU accounts and £5 for UK ones.

Webber, 19, the son of former Guernsey politician Tony Webber, is said to have been caught with details of 100,000 credit cards on his laptop, which represents a total loss to credit companies of roughly £12m. Three others, Gary Kelly, 21, Shakira Ricardo, 21, and Samantha Worley, 22, also admitted charges in connection with the website.

Judge John Price said: "You are all very young and very intelligent people and it's a tragedy to see you in the dock. You used your enormous skills and education in what looks like an enormous conspiracy to defraud and steal people's credit cards and bank accounts. These are such serious matters that there may well be substantial periods of imprisonment."
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