The mastermind behind the iSpoof banking scam, Tejay Fletcher, has been ordered to repay £404,000 of his £2 million criminal fortune or face an additional seven years in prison. Fletcher, 35, was sentenced to 13 years and four months in jail in May after pleading guilty to fraud charges.
The iSpoof website allowed fraudsters to disguise phone calls so they appeared to be from trusted organisations such as banks and tax offices. Victims were tricked into disclosing security information, leading to the theft of over £100 million globally, including £43 million in the UK. One victim lost £3 million.
Fletcher made approximately £2 million from the scheme, spending £230,000 on a Lamborghini, £110,000 on two Range Rovers, and £11,000 on a Rolex watch. At a confiscation hearing at Southwark Crown Court, Judge Sally Cahill KC ruled that Fletcher must repay £404,000 within three months or serve an additional seven years.
The judge described the scam as a 'harrowing experience' for victims and noted that Fletcher's 'late expression of remorse is regret for being caught rather than empathy for your victims.' The Metropolitan Police said the investigation involved 700 days of work and three detectives.
