A SOUTHSEA teenager who masterminded a multimillion-pound internet crime site has been jailed for five years.
Nick Webber, 19, ran Ghostmarket.net, a site where criminals sold credit card details and which offered online tutorials in a range of credit card scams.
The former public schoolboy was jailed at London’s Southwark Crown Court after pleading guilty to fraud charges.
Describing the website, Judge John Price said: ‘This was a criminal enterprise offering sophisticated advice on how to hack into computers, cause them to malfunction and retrieve personal information from computers – and how to do it on massive scale.’
The information on Ghostmarket.net was used to defraud banks and shops around the world. At its peak the site had more than 8,000 users.
The details of thousands of credit cards were found on Webber’s computer when he was arrested in 2009.
Police believe the details amassed represented a potential loss of more than £12m.
Webber, of Cavendish Road, Southsea, and his online gang splurged profits from the scam on luxury goods such as plasma televisions, jewellery and cameras.
Webber previously pleaded guilty to conspiracy to make or supply articles for use in fraud, assisting offenders, and conspiracy to commit fraud.