1st May 2014 Tony Colston-Hayter: 'Acid House king' jailed for £1.25 million bank cyber fraud Share The leader of a cyber gang which plundered £1.25 million from British banks has been jailed for five and a half years.Other members of the group were also handed substantial prison terms at London's Southwark Crown Court for their roles in the audacious fraud.Tony Colston-Hayter, 48, threw Acid House raves in the Home Counties which sparked controversy in the late 1980s.He led the gang which used a "Trojan horse" device to hijack computers at branches of Barclays and Santander and siphon off cash.They also stole credit and bank card details from around one million intercepted letters and used them to splash out on Rolex watches and designer jewellery worth more than £1 million. by SmartSearch See more articles by SmartSearch Share post See our other popular articles 18th Apr 2024 Fighting FinCrime in financial services: optimising the balance between innovation and compliance by SmartSearch 14th Feb 2023 ‘Failure to prevent’ fraud, false accounting or money laundering could soon be a punishable offence by SmartSearch 2nd Feb 2023 SmartSearch COO named Technology Businesswoman of the Year at national award by SmartSearch See more
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