Private Sector

The Court of Appeal in Group Seven Limited v. Notable Services LLP [2019] EWCA Civ 614 has agreed with the High Court decision to find a bank vicariously liable for the wrongdoing of its employee.

https://www.dentons.com/en/insights/newsletters/2019/december/4/bank-notes/bank-notes-winter-2019/bank-liable-for-employees-fraud-on-basis-of-principle-of-social-justice

The US has formally requested that the UK extradites British tech billionaire Mike Lynch to stand trial on charges of securities fraud, wire fraud and conspiracy related to the sale of his company Autonomy to Hewlett Packard (HP).

https://www.cityam.com/us-seeks-extradition-of-autonomy-founder-mike-lynch-to-face-charges/

A man has been sentenced after he diverted £31,970 worth of payments from his employer to a service provider, into his and his partner’s bank account.

A billionaire investor in a legal AI company also backed by Slaughter and May is facing extradition to the US on fraud charges.

https://www.legalcheek.com/2019/11/director-of-top-london-lawtech-company-luminance-faces-us-extradition-over-fraud-allegations/#.Xd-hpsg1PFU.twitter

A woman who swindled her Shropshire employer out of £122,000 has admitted scamming another company out of thousands of pounds.

Employee fraud has been a hot topic this year, for insurers seeking our insight and training. In this article, Paul Widger from Clyde & Co's Forensic Accounting Practice discusses the matters insurers need to be alert to, in order to restrict leakage.

http://www.mondaq.com/uk/x/866168/White+Collar+Crime+Fraud/Covering+Employee+Fraud+Lessons+For+Fidelity+Guarantee+Insurers

The importance of up-to-date training around email scams has been highlighted in a case at Scotland’s Court of Session where a woman who fell for a £193,000 email scam was judged not to be liable for her employer’s loss.

https://www.personneltoday.com/hr/scammed-employee-will-not-have-to-repay-108000-to-employer/#.XdRVdqMcjPc.twitter

A man has been sentenced after he diverted £31,970 worth of payments from his employer to a service provider, into his and his partner’s bank account.

Trading standards officers have welcomed a jail sentence for the owner of a Telford company which defrauded elderly and vulnerable customers.

Former CEO and founder of Autonomy Mike Lynch is facing an extradition battle with the US over fraud charges

https://economia.icaew.com/news/november-2019/us-plans-extradition-case-for-mike-lynch