Private Sector

PwC has been sued by the administrators of JD Classics, a racing car dealership, for allegedly failing to to spot fraud resulting in losses of over £41m.

https://www.cityam.com/pwc-sued-by-racing-car-dealer-for-failing-to-spot-alleged-fraud/

Unauthorised adviser Ian James Hudson has been sentenced to four years in prison over fraudulent trading.

https://www.professionaladviser.com/news/4035008/unauthorised-adviser-jailed-fraudulent-trading

A fraudster posing as a car salesman has been jailed today (16 July 2021) for defrauding over 200 unsuspecting car buyers out of more than one million pounds.

https://www.cps.gov.uk/cps/news/fraudster-jailed-duping-over-200-victims-million-pound-fake-car-sales-scam

The finance manager of a care provider has been jailed for six years for defrauding his employer out of nearly £200,000.

https://www.standard.co.uk/news/uk/hampshire-waterlooville-hampshire-constabulary-ben-mitchell-b946271.html

Organisations spend thousands of pounds every year protecting themselves from external fraudsters, but could the pandemic increase the threat from within?

https://www.raconteur.net/business-strategy/covid-19-the-perfect-storm-for-employee-fraud/

The number of companies closing down after being struck off the Companies House register increased by 743 per cent during the first quarter of 2021 compared to the same period in 2020.

https://www.cityam.com/covid-loan-fraud-fears-as-number-of-businesses-struck-off-companies-house-up-by-743-per-cent/

LONDON (Reuters) - Britain's accounting watchdog on Thursday tightened fraud prevention standards in the wake of sharp criticism by parliamentarians after the high-profile collapses of companies such as retailer BHS and builder Carillion.

https://uk.finance.yahoo.com/news/uk-accounting-watchdog-tightens-fraud-073310417.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr

An anti-fraud Santander manager has been jailed for 18 months for targeting the elderly and vulnerable customers she was employed to protect during a four-year £179,900 fraud.

https://www.bicesteradvertiser.net/news/19330796.anti-fraud-manager-santander-abingdon-jailed-stealing-179k-customers/?ref=twtrec

Neil Maloney (45), from Oswaldtwistle, Lancashire, was sentenced to 21 months, suspended for two years, for fraud offences after taking more than £26,000 in credit from a car parts distributor.

https://www.thebusinessdesk.com/northwest/news/2079527-bankrupt-sentenced-for-fraud-after-taking-26k-in-credit#.YLAh0JPiQ2c.twitter

NMC Health, which was once the largest private healthcare provider in the United Arab Emirates, is facing inquiries from agencies in Britain and the US over alleged ‘fraud’.

https://www.easterneye.biz/b-r-shettys-nmc-faces-inquiries-from-agencies-in-britain-and-the-us/