Related News

From chlorinated chicken to the NHS:  What could be in a UK-US trade deal?

From chlorinated chicken to the NHS: What could be in a UK-US trade deal?

February 28, 2025
Two terminally ill adults on opposing sides of the assisted dying debate meet to share their views

Two terminally ill adults on opposing sides of the assisted dying debate meet to share their views

May 14, 2025
At least five dead after road collapses during construction

At least five dead after road collapses during construction

March 15, 2025

Browse by Category

  • Blockchain
  • Breaking News
  • Business
  • Crypto Market
  • Cryptocurrency
  • Entertainment
  • Health Care
  • Politics
  • Technology
  • UK News
  • US News
  • World

Related News

From chlorinated chicken to the NHS:  What could be in a UK-US trade deal?

From chlorinated chicken to the NHS: What could be in a UK-US trade deal?

February 28, 2025
Two terminally ill adults on opposing sides of the assisted dying debate meet to share their views

Two terminally ill adults on opposing sides of the assisted dying debate meet to share their views

May 14, 2025
At least five dead after road collapses during construction

At least five dead after road collapses during construction

March 15, 2025

Browse by Category

  • Blockchain
  • Breaking News
  • Business
  • Crypto Market
  • Cryptocurrency
  • Entertainment
  • Health Care
  • Politics
  • Technology
  • UK News
  • US News
  • World
IIHS NEWS - AI Curated content
  • Home
  • UK News
  • Business
  • Entertainment
  • US News
  • World
  • Technology
  • Politics
  • Health Care
  • Crypto
No Result
View All Result
CONTRIBUTE
IIHS NEWS - AI Curated content
  • Home
  • UK News
  • Business
  • Entertainment
  • US News
  • World
  • Technology
  • Politics
  • Health Care
  • Crypto
No Result
View All Result
IIHS NEWS - AI Curated content
No Result
View All Result
Home Breaking News

Man who helped scammers swindle at least £100m from victims is jailed

Sarah Taylor by Sarah Taylor
April 15, 2025
in Breaking News, UK News, World
0
Man who helped scammers swindle at least £100m from victims is jailed
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter

A man has been jailed for eight-and-a-half years after enabling cybercriminals to defraud around one million victims in 91 countries.

You might also like

Protesters clash with police outside hotel believed to house asylum seekers

3 things to know about Trump’s vein condition

Read the White House Physician’s Letter

Minshull Street Crown Court in Manchester, heard that Zak Coyne, 24, from Huddersfield in West Yorkshire, helped more than 2,000 scammers steal at least £100m by running a subscription-based service via his website called LabHost.

Judge Jenny Lester-Ashworth described LabHost as enabling fraud “on an industrial scale”.

During sentencing on Monday, she told the defendant: “It was one of the most professional and sophisticated websites in the world for committing online fraud.

“You also enjoyed what you were doing and also by being immersed in the criminal underworld operating online.”

The court heard Coyne, who was described as being on the autism spectrum, had an “obsessional interest” in computer programming and received around £200,000 from criminals subscribing to his services, paid for in cryptocurrency he converted to sterling.

LabHost was an online subscription-based service hosting phishing pages – fake versions of 185 major banking, government and commercial websites, including Amazon, Netflix, Uber and UK banks.

Software provider fined £3m over ransomware attack that disrupted key NHS services

X outage: Who are hackers ‘behind massive cyber attack’ on Elon Musk’s social media platform?

The Prince and the Papers: Harry reaches settlement

Subscribers would then send messages to their intended victims, often saying there had been a problem with the account, getting the customer to log in to the fake website pages and stealing their details.

Simon Gurney, prosecuting, told the court that Coyne’s website had caused global losses of more than £100m, of which £32m was from the UK alone.

He added: “It is likely that the losses caused were substantially greater. The risk of loss occasioned by the frauds committed through LabHost can be measured in multiple billions of pounds.”

The platform was brought down in April 2024 following an investigation which included the Cyber Crime Unit within the Metropolitan Police, Europol and other international police forces.

Thomas Short, specialist prosecutor for the Crown Prosecution Service, said: “This was a sophisticated worldwide criminal enterprise which enabled others to perpetrate fraud on a massive scale.

“Fraud is far from a victimless crime and the harm caused by Coyne’s offending are measured not just in monetary terms, but also in the distress inflicted on countless victims who fell prey to these scams.”

Follow our channel and never miss an update.

Read more from Sky News:
Hackers behind cyber attack on X
Location data leaked in a major hack
Cybercrime group behind $1.5bn heist

Adam Roxborough, defending Coyne, said: “He actually did not give any real thought to the overall scale of what he was enabling.

“Once he engaged, it became something of an obsession with him.”

Coyne, a father-of-one, was arrested in April 2024 in the departures lounge at Manchester Airport. He admitted two offences of fraud and one of transferring criminal property at an earlier hearing.

LabHost was co-created by Coyne and a Canadian individual, who has not been identified, in August 2021.

Be the first to get Breaking News

Install the Sky News app for free

Read Entire Article
Tags: Breaking NewsSkynewsUK
Share30Tweet19
Sarah Taylor

Sarah Taylor

Recommended For You

Protesters clash with police outside hotel believed to house asylum seekers

by Sarah Taylor
July 18, 2025
0
Protesters clash with police outside hotel believed to house asylum seekers

Protesters have clashed with police outside an Essex hotel believed to be housing asylum seekers.

Read more

3 things to know about Trump’s vein condition

by Sarah Taylor
July 18, 2025
0
3 things to know about Trump’s vein condition

Chronic venous insufficiency is a common condition that can worsen over time. Read Entire Article

Read more

Read the White House Physician’s Letter

by Sarah Taylor
July 17, 2025
0
Read the White House Physician’s Letter

The letter from President Donald Trump's doctor details his new vascular diagnosis. Read Entire Article

Read more

Extreme athlete who jumped from edge of space dies after paragliding crash

by Sarah Taylor
July 17, 2025
0
Extreme athlete who jumped from edge of space dies after paragliding crash

Felix Baumgartner, the extreme athlete who once jumped from the edge of space, has died in a paragliding crash in Italy.

Read more

England through to semi-finals of Women’s Euros after beating Sweden on penalties

by Sarah Taylor
July 17, 2025
0
England through to semi-finals of Women’s Euros after beating Sweden on penalties

England have booked their place in the semi-finals of the Women's Euros after knocking out Sweden.

Read more
Next Post
Prisons across France attacked ‘in response to crackdown on drug trafficking’

Prisons across France attacked 'in response to crackdown on drug trafficking'

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Related News

From chlorinated chicken to the NHS:  What could be in a UK-US trade deal?

From chlorinated chicken to the NHS: What could be in a UK-US trade deal?

February 28, 2025
Two terminally ill adults on opposing sides of the assisted dying debate meet to share their views

Two terminally ill adults on opposing sides of the assisted dying debate meet to share their views

May 14, 2025
At least five dead after road collapses during construction

At least five dead after road collapses during construction

March 15, 2025

Browse by Category

  • Blockchain
  • Breaking News
  • Business
  • Crypto Market
  • Cryptocurrency
  • Entertainment
  • Health Care
  • Politics
  • Technology
  • UK News
  • US News
  • World
IIHS NEWS – AI Curated content

IIHS.NEWS will be firmly committed to the public interest and democratic values.

CATEGORIES

  • Blockchain
  • Breaking News
  • Business
  • Crypto Market
  • Cryptocurrency
  • Entertainment
  • Health Care
  • Politics
  • Technology
  • UK News
  • US News
  • World

BROWSE BY TAG

Blockchain Breaking News Business Entertainment Health Care Insidebitcoins newsbtc Politico Skynews Techcrunch Technology UK US USMagazine Variety World

© 2025 iihs.news - all rights reserved. YYC TECH CONSULTING.

No Result
View All Result
  • Home
  • UK News
  • Business
  • Entertainment
  • US News
  • World
  • Technology
  • Politics
  • Health Care
  • Crypto

© 2025 iihs.news - all rights reserved. YYC TECH CONSULTING.