Waseem Ahmed, aged 22, of Lismore Park, Slough, and Hodaif Nadeem, aged 22 of Telford Drive, Slough, carried out the frauds at Barclays Bank branches in Slough and Bracknell, where they worked as apprentice cashiers.
Both defrauded customer accounts to the value of just under £150,000. They accomplished this by transferring large sums of cash out of customers’ accounts and into ‘mule’ accounts.
They also conducted fraudulent transactions over the counter where several thousand pounds were handed over to people who were very obviously not the account holders.
Ahmed and Nadeem each opened another five bank accounts at different banks. These remained largely inactive until September 2017 when Ahmed’s accounts were used to funnel £29,030 of stolen funds to other bank accounts. The accounts opened by Nadeem were not used.
The matter came to light after Ahmed conducted just over £40,000 worth of transactions from the account of a deceased man.
Ahmed was arrested on 8 August 2017, while Nadeem was arrested on 19 January 2018. They were charged with the offences on 15 August last year.
Following an eight day trial in November, a
Nadeem was found guilty of one count of conspiracy to defraud and one count of conspiracy to transfer criminal property by means of fraudulent money transfers.
Ahmed was jailed for four and a half years, while Nadeem was jailed for three and a half years at Reading Crown Court on Friday (20/12).