We are just a little bit delighted to report that one of the most prolific sources of fraud in our industry has, courtesy of the City of London Police’s investigation, been jailed for seven and a half years.
This conviction would not have happened without the information gathered and shared by X-hire members.
It’s plainly and simply just great, great news.
More on this case from the City of London Police, here: http://news.cityoflondon.police.uk/r/1064/multi-million_pound_international_film_industry_f
Multi-million pound international film industry fraud sees men sentenced to more than seven years
London man sentenced to seven and a half years for committing £2.1 million fraud after stealing equipment from companies working in the film industry
City of London Police’s Fraud Squad investigation uncovered crimes spanning eight countries and nine companies
Accomplice Jamie Jackson was sentenced to a 12 month suspended sentence on 5 July 2018
A London man was sentenced to seven and a half years on Friday 6 July 2018 at Southwark Crown Court for committing fraud by false representation after attempting to steal equipment across eight countries from nine companies working in the film industry.The case was originally taken on by the former London Regional Fraud Team and passed to the City of London Police’s Fraud Squad in March 2017. The Fraud Squad’s investigation into Michael Banfield, 36, of Buchanan Gardens, Kensal Green, London, found that he had been instrumental in taking £2.1 million worth of equipment from hire companies between June and November 2014.
The complex fraud involved a network of shell companies and fraudulently using legitimate company details to obtain filming equipment which was never returned.
An accomplice, Jamie Jackson, 28, of Wigram Way, Stevenage was sentenced to a 12 month suspended sentence on 5 July 2018 for his part as a courier of the equipment.
The three companies
Between June and December 2014, Banfield used the identities of three companies to obtain equipment from the nine victim companies.
One of the company identities used in the fraud was registered as a limited company in September 2013 and dissolved in May 2015. Banfield was unsuccessful in his attempt to obtain equipment when he contacted one filming equipment hire company using this limited company’s name.
The second company identity, used by Banfield between June and July 2014, was a legitimate company; its owners and staff had no part in his crimes. However, Banfield used the company’s identity and false names to contact the victim’s directly to hire equipment.
A third company name, World Wide Broadcast Solutions Ltd (WWBS) was registered as a limited company in January 2014.
How did it work?
In order to give the companies legitimacy, Banfield falsely obtained insurance documentation and provided false names using fraudulent identity documents. He also used pay as you go mobile phones without named subscribers to contact victims and used stolen bank card information. He then assisted in providing this false information to couriers and transported them to airports before they attended the victim’s premises.
Banfield successfully collected film hire equipment from companies based in the UK, South Africa, Canada and the USA, and subsequently failed to return it. He then assisted in the attempt to sell the equipment online using the WWBS company name. At least 15 items were advertised for sale online during August 2014 and one sale is known to have been successful. The equipment taken from the victim companies has never been found.
The fraud unravels
On 28 April 2015, a search was carried out at Banfield’s home address during which paperwork and mobile phones were seized. Evidence identified that a storage unit was used to store the stolen equipment, which had been set up by Banfield, using an alias to do so. A bank account in the name of this alias was registered at Banfield’s home and the telephone number linked to the bank account was attributed to Banfield. He attended a voluntary interview at Bishopsgate Police Station in the City on 11 May 2015.
The accomplice, Jamie Jackson, acted as a courier for the stolen equipment in one of the offences in November 2014. Jackson was arrested and searched on 5 November 2015 at the premises of one of the victim companies where he was attempting to collect equipment on behalf of WWBS. A mobile phone was seized which contained a text message referring to the collection of the equipment and to WWBS. A business card for WWBS was also seized.
Detective Constable Daniel Ward of the City of London Police’s Fraud Squad said: “The global scale of the investigation, along with the significant losses, false identification and frequent use of unregistered mobile phones by the suspects made this a complex case to investigate.
“The sentence received by Banfield today shows the severity with which we treat these offences; it should act as a warning to those looking to commit fraud that they will be caught, no matter how far their crimes spread.”