Private Sector

Following recent regulatory investigations into fake certificates for construction workers, corporate and financial crime specialist Ramsay Hall looks at the risk of fraud for organisations in the sector and the practical steps that can be taken to mitigate risk.

https://www.scottishconstructionnow.com/article/ramsay-hall-tackling-fraud-in-the-construction-sector

A fraudster from Telford worked with a colleague at Aga cookers to create up to £19,000 worth of false invoices for work that had not been carried out.

https://www.shropshirestar.com/news/crime/2019/10/17/telford-worker-involved-in-19000-fraud-at-aga/

At a time of geopolitical uncertainty and massive technological advances, corporate fraud is increasing, with cyber crime, particularly in relation to the misuse of data, especially prevalent. There has also been a demonstrable increase in detected bribery, corruption and wider corporate malfeasance. In response, government and enforcement agencies are continuing to ramp up their anti-fraud activities, utilising a range of new legislative tools against companies and individuals. Companies need to track such developments carefully and update their fraud prevention strategies accordingly.

https://www.financierworldwide.com/roundtable-corporate-fraud-nov19#.Xa2mEm5FznN

A judge has heard concerns over delays in a £2m-plus fraud case involving a woman from Tyrone.

https://www.belfasttelegraph.co.uk/news/northern-ireland/concern-over-delays-in-bringing-2-3m-fraud-case-to-court-38593196.html

Former football "super-agent" Willie McKay has denied committing fraud by buying £63,000-worth of gifts for his wife while he was bankrupt.

Government's Economic Crime Plan 2019-22 shows heavy reliance in private sector contributions to fight against financial crime. Fraud is one of the most common crimes in the UK, with 1 in 15 people falling victim a year

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/816215/2019-22_Economic_Crime_Plan.pdf

A man has been jailed after he attempted to make a series of fraudulent claims on policies he’d been able to secure by lying to insurers about his poor insurance history. He also diverted approximately £18,000 into his own account when he worked at a claims management company and attempted to divert nearly £17,000 more.

http://news.cityoflondon.police.uk/r/1278/fraudster_jailed_for_stealing_thousands_through_f

LONDON (Reuters) - Three former Barclays (BARC.L) executives lied to the market by hiding 322 million pounds ($395 million) in extra fees that the bank paid Qatar in return for vital funding during the global credit crisis, a prosecutor told a London court on Tuesday.

https://uk.reuters.com/article/us-britain-barclays-qatar/former-barclays-bankers-lied-about-qatari-fees-in-2008-fraud-trial-hears-idUKKBN1WN1TF

LONDON (Reuters) - Former Barclays (BARC.L) finance director Chris Lucas would have been criminally charged over two emergency fundraisings launched by the bank at the height of the financial crisis if he were not too ill to stand trial, a London fraud trial heard on Wednesday.

https://uk.reuters.com/article/us-britain-barclays-qatar/ex-barclays-finance-chief-would-have-faced-charges-over-qatar-rescue-trial-hears-idUKKBN1WO2CX

Three senior former Barclays executives were today accused of lying about disguised payments to Qatar to facilitate a massive investment in the bank at the height of the financial crisis.

https://www.cityam.com/trio-of-ex-barclays-bankers-accused-of-lying-in-old-bailey-fraud-trial/