Conspiracy to commit fraud
A gang of four men have pleaded guilty to conspiracy to commit fraud after they used laminated bank notes to con retail sportsbooks out of £663,556 ($886,484) by tricking their self-service machines.
The four entered their guilty pleas at Kingston-Upon-Thames Crown Court in London on November 22.
TV station London Live shared news of the prison sentences for the men via Twitter:
The fraudsters targeted Ladbrokes and Coral retail sportsbooks between July 2020 and June 2021, feeding in laminated £20 ($26.73) and £50 ($66.81) notes in order to register a deposit for a wager. After the deposit registered, they used a plastic lead to yank the doctored bank note out before the machine could swallow it.
Banned for life
Thomas Wheatcroft, 40, Charlie Shaw, 33, Michael Sadgove-Tarrant, 37, and Paul Hubbold, 59, hit the Ladbrokes-owned betting kiosks in London, Essex, Cambridgeshire, Merseyside, Surrey, West Midlands, and Yorkshire, committing 168 frauds.
the fraudsters all wearing identical clothing
According to the Liverpool Echo, Ladbrokes Coral staff contacted the police after noticing thousands of pounds were missing from the machines when they cashed them out. Surveillance footage from the various Ladbrokes and Coral betting shops revealed the fraudsters all wearing identical clothing. When police arrested the four men in Basildon, Essex, they discovered bags of clothing that included 20 baseball caps.
In addition to their prison terms, the four got banned for life from entering any sportsbook in the UK.
Detective Constable Kevin Parley of Greater London’s Metropolitan Police worked the case along with fellow officers and security officials from both Ladbrokes and Coral retail outlets. DC Parley said the joint investigation included “gathering evidence to bring forward a robust case against the four men.”
“Substantial sums of money stolen by the group is a significant loss to the businesses these men had targeted,” Parley said. The Met DC added it pleased him that the two main culprits, Wheatcroft and Shaw, received custodial sentences.
In conclusion, Parley said “I hope this provides some relief for the companies who have been affected by their actions.”
The post Ingenious Laminated Bank Notes Ruse Sees Gang Con UK Retail Sportsbooks Out of £663,556 appeared first on Latest Online Gambling News.
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