A man said to be part of a group accused of stealing more than £1m in a phishing scam targeting students, has been arrested.


Chris Inokwere of Bolton faces two counts of conspiracy to defraud, one count of possessing articles for use in fraud and one count of money laundering. The 38-year-old will appear at Westminster magistrates court.

In an earlier trial, two men were found guilty of their role in the phishing scam. Students who had taken out government loans were sent phishing emails asking them to provide bank details and those who replied had money taken from their accounts, the court heard. The sums stolen ranged from £1,000 to £5,000.

The PCeU was assisted by the Student Loans Company, internet service providers and banks during its investigation. Damola Clement Olatunji and Amos Njoroge Mwangi were jailed for their part in the scam.

Olatunji was jailed for six and half years and Mwangi was given three years and three months.