A man from North London who facilitated the theft of over £1.9 million from over 30,000 victims through his online criminal network has been jailed for three years today (February 8).

Ramzan Abubakarov, 21, from Hendon, was sentenced at Croydon Crown Court after being found guilty of fraud by false representation, supply of articles for use in fraud, and possession of articles for use in fraud in a trial last December at the same court.

Abubakarov operated on the encrypted social media platform Telegram using various different pseudonyms to engage in fraud and collaborate with thousands of other cybercriminals.

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He was identified by the Cyber Defence Alliance (CDA) in November 2020 and became the focus of an investigation by the Met’s Cyber Crime team. The team found him through proactive policing cryptocurrency track and trace, communications data analysis and partner work with UK Banks and HMRC.

Abubakarov was arrested in November 2021 with police seizing devices including laptops and phones from his home. Analysis of these devices led to the discovery of compromised personal and financial data of more than 30,000 victims, custom phishing kits of various UK and international banks and more than one million UK and international mobile numbers.

It was found that he coordinated fraudulent activities on his Telegram channel which was one of the largest Telegram channels with a British target. He was responsible for creating a web service for cybercriminals called “” which was a platform for other cybercriminals to buy and sell compromised personal and financial data.

He advertised and posted evidence of engaging in various frauds such as applying for Bounce Back Loans, submitting fraudulent HMRC tax return claims and gaining unauthorised access to bank accounts of unsuspecting members of the public.

By selling these tools to other criminals, Abubakarov was responsible for a financial loss amounting to more than £1.9million of victims’ money.

Det Supt Helen Rance, who leads on cybercrime for the Met, said: “Taking away the tools and systems that enable criminals to exploit and target innocent people is a great challenge to us and our partners, however we are dedicated to bringing these criminals to justice.

“We are reinventing the way that fraud and cybercrime is investigated and through this, we are able to identify and target criminals and safeguard further victims.”

DC Oyedeji, who led the investigation, said: “The success of this investigation is as a result of effective collaborative working relationships with our partners, especially the CDA. It's rewarding for myself and my team knowing that we managed to safeguard thousands of victims from cybercriminals."

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