14 DAY TRIAL // A young couple, arrested last year by the North Yorkshire police, admitted to a £350,000 ($553,000 or 416,000 EUR) fraud scheme that involved the personal details of 8 million individuals and the credit card details of 400.
According to the Daily Mail, 23-year-old Edward Pearson was the mastermind of this scheme, but his 21-year-old girlfriend also admitted to her role in the plot which took place between January 2010 and August 2011.
It seems that Pearson developed a couple of programs that allowed him to steal the details of the millions of users and compromise the accounts of 400 PayPal customers.
The young wiz admitted to three counts of fraud offences and his girlfriend, Cassandra Mennim, pleaded guilty to obtaining services dishonestly after investigators found out that she tried to rent luxury rooms at a couple of hotels in York using money from the stolen PayPal accounts.
The fraudsters will be sentenced next month.