Private Sector

The Insolvency Service last year launched 36 per cent more investigations into the alleged misconduct of directors of insolvent companies than the year before, data from international law firm RPC shows.

https://www.cityam.com/fraud-warning-as-insolvency-surge-sees-more-directors-investigated-for-corporate-misconduct/

Stanmore consultancy boss claimed £25,000 before closing the business in effort to avoid repaying taxpayer loan.

https://www.gov.uk/government/news/london-businessman-convicted-for-bounce-back-loan-fraud

The National Bed Federation (NBF) has once again raised the issue of mattress fraud, in which unsuspecting consumers are being tricked into buying cheap mattresses that purport to be made with much higher specifications.

https://www.furniturenews.net/news/articles/2023/05/1315557673-mattress-fraud-costing-industry-100m-year-says-nbf#.ZFS50RqcIKM.twitter

It all might sound a bit complicated to people outside of the professional temporary work sector, but contractor recruitment fraud is a long-running scam of many years, still thriving today in 2023, in part due to its simplicity.

https://www.contractoruk.com/news/0015884contractor_recruitment_fraud_old_scam_still_producing_new_victims.html

A car dealership worker from Roadside Motors’ Edwin May business in Coleraine has appeared in court to face theft and fraud charges amounting to more than £450,000.

https://www.am-online.com/news/latest-news/2023/04/25/edwin-may-car-dealership-employee-accused-of-fraud-worth-over-450-000

The success of the UK government’s new economic crime plan is likely to depend on the proper resourcing of those delegated with responsibility to deliver its aims, according to one legal expert.

https://www.pinsentmasons.com/en-gb/out-law/news/resourcing-key-to-success-of-uks-economic-crime-plan

A British technology tycoon facing extradition to the United States has lost an appeal bid.

https://www.bordertelegraph.com/news/national/23471524.tech-tycoon-loses-us-extradition-challenge-autonomy-fraud-case/?ref=twtrec

Business fraud increased by 25% in the year ending March 2022, according to latest ONS statistics, compared with 2020, and the Government believes it is set to increase by another 25%.

https://www.thebusinessdesk.com/northwest/news/2113478-call-for-businessess-to-work-together-in-face-of-rising-fraud-levels

Fraud charges against a Limavady woman have been amended to accuse her of taking close to £500,000 from a car dealership.

https://www.irishnews.com/news/northernirelandnews/2023/04/19/news/fraud_charges_against_a_limavady_woman_amended_to_accuse_her_of_swindling_close_to_500_000_from_car_dealership-3221546/

More than 450 company directors have been disqualified in a crackdown on covid fraud claims.

The Insolvency Service announced that 459 of the 932 disqualifications overall for fraud were related to the coronavirus financial support scheme, introduced during the pandemic to help businesses in lockdown.