Two postmen have been warned they face jail after being found guilty of taking part in a £1.3m money laundering operation.
Shaker Javaid and Alex Stocks set up bank accounts which were used as a conduit for huge sums conned out of more than 200 victims of internet scams from all around the world.
A judge said it ‘beggars belief’ that the two men, who were working as postmen in Preston, were able to handle so much money.
The pair were caught after overseas students at Exeter University fell victim to a fraud in which they were swindled out of thousands of pounds they paid as deposits for non- existent luxury flats.
Some of the payments were traced back to accounts run by the men from their homes in Preston, and inquiries then found these had been used in many other swindles.
The most serious fraud was against a German woman who was blackmailed into transferring her life savings of £25,000 after hackers convinced her they would kill her family if she refused.
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