Sentence: 3 years imprisonment
Ali Amjad, 42, masterminded a payment diversion fraud scam, defrauding companies globally out of more than £500,000 by tricking organisations into changing payment methods for direct debits, standing orders, and bank transfers. He also made false applications for UK Government Bounce Back Loans. Police raided his home in Taverners Road, Peterborough, on July 28, 2020, finding over £80,000 in cash stuffed behind kitchen kickboards and £3,600 in his wardrobe. He worked with accomplices to launder money through their bank accounts.