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Men guilty of banking fraud plot Men guilty of £229m banking plot
(30 minutes later)
Two men who plotted to steal £229m from a bank using software have been found guilty for their roles 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''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.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.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. Bank security supervisor Kevin O'Donoghue, 34, 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. He also tampered with CCTV equipment in a bid to avoid the presence two men - Belgian computer expert Jan Van Osselaer, 32, and his "recruiter", Frenchman Gilles Poelvoorde, 35 - being caught on camera.
The duo 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 holdingsAccess to holdings
That gave the gang access to the holdings of major companies like Toshiba International, Nomura Asset Management and Sumitomo Chemical UK. That gave them 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".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".
The plot was discovered when staff returned to work after the weekend and realised their computers were not working properly.
Then they found a number of network cables had been "taken out".
Rodley, 61, was found guilty of conspiracy to defraud and conspiracy to transfer criminal property between 1 January and 5 October 2004.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.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.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.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.
Rodley did not give evidence during the trial, relying on his barrister to defend him against Nash's claims he was "the architect of all this".
But the sex shop owner went into the witness box to deny any knowledge of the bank theft plot, insisting: "I was just the driver, the security, working on a need-to-know basis."