Latest Mobile Phone

Mobile phone scams are literally making criminals millions. In a recent case three men were sentence to 5 years in prison because they set up a company called Pixonyx Ltd, which supplied phone lines for costly international calls. They then collected customer's identities and credit card details and set up hundreds of O2 mobile contracts and used the mobile phone lines to call the premium rate numbers they had set up through Pixonyx Ltd. Once their profits started to fall they then sold the handsets. In just 4 month O2 reported losses of over £2 million from the scam. The three men were finally caught when the calls were traced; they were later found guilty of conspiracy to defraud O2 and given 5 years each in prison.

Source: http://www.articlesbase.com/cell-phones-articles/the-latest-mobile-phone-scams-4325849.html