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Man guilty of banking fraud plot Men guilty of banking fraud plot
(20 minutes later)
A man who plotted to steal £229m from a Japanese bank has been found guilty for his role in the scam. Two men who plotted to steal £229m from a bank using software have been found guilty for their roles in the scam.
"Lord" Hugh Rodley, who bought his title, was convicted of conspiracy charges dating back to 2004."Lord" Hugh Rodley, who bought his title, was convicted of conspiracy charges dating back to 2004.
The court heard how spyware was installed on computers at Sumitomo Mitsui bank in order to steal money from the accounts of big businesses.The court heard how spyware was installed on computers at Sumitomo Mitsui bank in order to steal money from the accounts of big businesses.
Soho sex shop owner David Nash, 47, from Durrington, West Sussex, was also convicted at Snaresbrook Crown Court.Soho sex shop owner David Nash, 47, from Durrington, West Sussex, was also convicted at Snaresbrook Crown Court.
'Logging errors'
Rodley, who lived in a Tudor mansion in Tewkesbury, Gloucestershire, teamed up with a gang of internet thieves to target the Japanese bank.
The "bold and sophisticated" plot was only foiled at the 11th hour by the complexities of inter-bank money transfers, the court heard.
An insider unlocked the bank's London offices so the gang could make "surreptitious" visits at night, the jury was told.
Gang members then used software to corrupt the bank's computer system, record the keystrokes of staff and reveal user names and passwords, jurors were told.
Access to holdings
That gave the gang access to the holdings of major companies like Toshiba International, Nomura Asset Management and Sumitomo Chemical UK.
They made several attempts to electronically transfer up to £12.5m at a time around the world, but were unsuccessful because of "field logging errors".
Rodley, 61, was found guilty of conspiracy to defraud and conspiracy to transfer criminal property between 1 January and 5 October 2004.
Nash was cleared of that first same charge but convicted of the second same charge.
Swedish national Inger Malmros, 58, who lives in Gran Canaria, was cleared of both counts.
She had told the court she knew nothing of two instructions - allegedly from her firm - concerning the planned transfer of some of Sumitomo's cash.