Fraud losses reach record £1bn in UK

BBC News
One of the world's largest accountancy firms says fraud has hit a record of £1bn in the first six months of the year. The findings come from accountancy ...
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Car insurance premiums set to rise

FinancialAdvice.co.uk
A growing number of "crash for cash" scams in the UK and car insurance fraud have directly influenced the ever-growing rise in UK car insurance premiums ...
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Global Settlements Are Here to Stay, Serious Fraud Director Alder

Bloomberg
UK Serious Fraud Office Director Richard Alderman said recent criticism by judges of its use of global settlements in ...
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Fifteen Thousand Fraud Reports in UK in 2010

Softpedia
UK's national fraud reporting center, Action Fraud, announced that during the first six months it received over ...
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Fraud victim: 'I have been humiliated enormously'

BBC News
The UK's national fraud reporting centre has revealed it was contacted by more than 15000 people who said they had been victims of scams in the ...
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Visa CodeSure card to combat fraud

The Guardian
... the banks are expected to adopt them, not least because they are keen to do everything they can to reduce fraud. In March, the UK Cards Association, ...
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Travellers who book cheap online holiday deals warned over fraud

Daily Mail
... polled 1000 adults, also found that 22 per cent do not check if their web page is secure when booking, leaving themselves open to credit card fraud. ...
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Interpol appeal over UK suspect

BBC News
Former financial director Jason Holland, 42, may be hiding in Britain from South African police investigating a substantial 2008 fraud involving the Sentula ...
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How do you catch online auction cheats?

BBC News
The laws were introduced in the UK two years ago in a bid to tackle growing internet fraud, after an EU directive to increase consumer protection. ...
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Six are banned for mortgage fraud

BBC News
Six people have been banned from the mortgage industry after the City watchdog found they had broken fraud rules. Most had committed mortgage fraud by ...
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Tax fraud gang ordered to pay record £92m

BBC News
Two members of a 21-strong tax fraud gang have been ordered to repay a record £92.3m. It is the biggest ever confiscation order by HM Revenue & Customs ...
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Budget Cuts Will Lead To Rise In Public Sector Fraud - Survey

Wall Street Journal
In the UK, the government is set to cut spending in departments other than those concerned with health and overseas aid by 25% over the next five years, ...
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PWC survey shows rise in fraud by public-sector staff

Independent
Fraud is on the increase in the UK's public sector as staff reductions and redundancy fears mean there are few resources being spent on ...
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British teenagers held for online bank fraud

Sify
Two British teenagers have been arrested for selling bank account details hacked from personal computers across the world through internet. ...
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Regional banking Trojans sneak past security defences

Register
... a way of reducing the risk of malware on PCs resulting in banking fraud. Trusteer cites two pieces of regional malware targeted at UK banking consumers. ...
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Bulgarians jailed over EU fraud

BBC News
His wife Mariana was jailed for five years for her role in the fraud and four accomplices got 10 years each. The group had pocketed EU funds by importing ...
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Fraud suspects told to pay £115m

BBC News
Three men accused of running what is alleged to be the UK's largest Ponzi scheme have been ordered to pay £115m to the financial regulator. ...
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Elderly Fetcham woman describes £200000 fraud ordeal

BBC News
Det Insp David Cooper has said the case was a "sustained and merciless" fraud on a level he had not seen before. Between September 2009 until June this year ...
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Care must be taken in tackling NHS fraud

Herald Scotland
The obvious loopholes in this system are said to cost the British taxpayer around £200m a year through “health tourists” who travel to the UK from abroad to ...
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Bank account fraud increasing, stats show

uSwitch
Cifas, the UK's fraud prevention service, revealed there were almost 16000 reports of this sort of crime during this period. This marks a 1% increase on ...
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Gang jailed for 'prolific' chip-and-pin scam

BBC News
A gang of chip-and-pin fraudsters has been jailed after carrying out one of the UK's "most prolific" scams. The gang modified chip-and-pin machines at ...
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Bogus Staffordshire vets convicted of fraud

BBC News
A couple from Staffordshire who claimed to be vets despite having no legal UK qualifications have been convicted of running a fraudulent business. ...
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UK Regulation Moving to BOE Like 'Old Wine in New Bottles'

Business Week
The FSA's enforcement unit, which prosecutes insider trading and market abuse, will be combined with the Serious Fraud Office and the Office of Fair Trading ...
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Report: Every 7 seconds someone is victimized online in the UK

The Tech Herald
“It seems that not a day goes by without a new case of online fraud hitting the headlines. But what's concerning is that consumers are still falling victim ...
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vicar 'ran massive marriage scam'

BBC News
Prosecuting at Lewes Crown Court, David Walbank said they preyed on desperate eastern Europeans and Africans who would do anything to stay in the UK. ...
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UK vendor hit by £3m fraud

CRN
The UK channel is on red alert after an unnamed IT vendor was taken in a 'long-firm' fraud last month. After establishing a healthy payment record over ...
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Plans for UK Economic Crime Agency Stymied by Financial Crisis

Main Justice
The new agency's authority was to include insider trading, now handled at the Financial Services Authority (FSA); fraud and corruption, which are handled by ...
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Asian fraudsters targeting own community in UK

oneindia
Detective Chief Inspector Robin Cross, who is the head of the fraud squad at the Metropolitan Police, said people need to be cautious, do their research and ...
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Don't be a victim of ticket fraud - how to avoid the cons

Mirror.co.uk
You can also report the scam to Consumer Direct at www.consumerdirect.gov.uk/reportascam Jenny Prior, 27, a civil servant from Bristol, bought four Take ...
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Manchester students arrested over lottery fraud

BBC News
The two men are suspected of sending thousands of emails telling recipients they had won the Canadian Lottery and persuading them to pay a fee to claim ...
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UK voting system is ''open to fraud''

Public Service
... from 11 Commonwealth countries who came to monitor the general election have concluded that the UK's voting system is "corruptible and open to fraud". ...
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Staff Fraudscape: examining the staff fraud threat in the UK

Retail Bulletin
CIFAS - the UK's Fraud Prevention Service, has released Staff Fraudscape: a 28-page report that lays bare the frauds recorded by the Members of the CIFAS ...
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Cowbridge man arrested in £1m investment fraud inquiry

BBC News
A man has been arrested on suspicion of investment fraud in excess of £1m, say South Wales Police. The unnamed 47-year-old, from Cowbridge, ...
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NRI couple jailed in UK for VAT scam

Economic Times
... jailed after they returned to the UK recently. Loughborough-based Rekha Parmar, 43, and her husband, Jiva Parmar, 43, have pleaded guilty for the fraud ...
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UK FSA to Lose Enforcement Power to Crime Agency

Business Week
The power of Britain's financial regulator to tackle insider trading will be merged with other antitrust and fraud ...
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UK FSA to Lose Enforcement Power to Crime Agency

Register
The regulator estimates that boiler room fraud fleeces UK investors of around £200m per year. Victims lose an average of £20K. ...
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Fraud Asian couple jailed for conning friends off 464000 pounds i

Sify
An Asian couple has been jailed in Cheshire, England, for conning a string of friends out of 464000 pounds. According to reports, Abdul Mohammed and his ...
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KPK, UK fraud office join forces on Innospec case

Jakarta Post
The Corruption Eradication Commission (KPK) and the United Kingdom's Serious Fraud Office are set to sign a MoU that will allow for further investigations ...
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Indonesian in transgender wedding 'fraud' trial

BBC News
He says he officially changed his identity papers to show he was a male but his wife's parents have accused him of document fraud. Mr Hofan is being held in ...
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Passwords, Scams, and You

PC World
First a message was sent to everyone in my .mac email address book that I was in the UK, held up at gun point, stranded, and to please send money. ...
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Money Box Live: Identity theft and fraud

BBC News
Total fraud losses on UK debit and credit cards fell by 28% between 2008 and 2009 to £440.3 million. If you want to protect your financial details from ...
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Prince Charles charity to close amid fraud inquiry

BBC News
A health charity founded by the Prince of Wales is to close following a fraud inquiry, its trustees have announced. The shutdown of the Prince's Foundation ...
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Tax officers arrest 22 in UK carbon fraud probe

Telegraph.co.uk
The London platform, the European Climate Exchange, where banks and energy companies tend to trade, is not affected by the fraud because it does not offer ...
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Fraud risk as millions 'write down' Pin numbers

BBC News
Millions of people are putting their accounts at risk of fraud because they are writing down their Pin numbers, a survey has said. ...
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Thames Valley chief superintendent charged with fraud

BBC News
A chief superintendent from Thames Valley Police has been charged with perverting the course of justice and two counts of insurance fraud. ...
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Opinion: US corporate fraud investigation puts UK's to shame

The Lawyer
New York has six heavy-hitting prosecutors' offices capable of mounting headline-grabbing financial crime cases; in the UK there are just two, ...
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UK's Serious Fraud Office Conducts Its Own “Sting”

Main Justice
While “Ruthenium” lacks the scale of the US sting case and does not appear to have involved an undercover operation, it does signal that the Serious Fraud ...
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More 'Crash for Cash' arrests

The Bolton News
Ppolice have arrested 11 people in connection with an investigation into a so called ‘crash for cash’ insurance fraud.
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Bradford & Bingley lost £196m last year to mortgage fraud

Mirror.co.uk
Bradford & Bingley lost £196m last year as result of buy-to-let fraud and bad debt. The former building society was ...
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Identity fraud 'is set to soar'

BBC News
Identity fraud is likely to accelerate in 2010 as organised criminals target the rich, according to a report. Some 72% of ID fraud in 2009 came in the ...
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Cyber crime losses in US almost 'double' during 2009

BBC News
Complaints about online fraud grew 22% during 2009 and the IC3 received more than 336655 reports of high-tech crime incidents from victims. ...
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Second scam sucker list is seized

BBC News
These scams have cost UK victims an estimated £200m a year. The 734 people who contacted the FSA last year to report becoming victims lost an average of ...
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Businessman jailed for 'free range' fraud

poultrymed
The near two-year fraud also led to eggs wrongly labelled as organic being sold to consumers in supermarkets and other stores across the country. ...
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Indian students in UK fined for car scam

Economic Times
Two Indian Phd students who have been jailed for carrying out an elaborate car sale scam in the UK, have been asked ...
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Fraud gang who stole identity of dead child jailed

BBC News
Two men and a woman who stole the identity of a dead child as part of a multiple fraud have been jailed. Nigerians Kolajo John Ojomo, 25, ...
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Police make fraud crackdown raids

BBC News
More than £2m could be seized following a crackdown on money laundering and fraud in Edinburgh and East Lothian. Lothian and Borders Police said £2.3m in ...
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eBay scammer gets four years

Register
Their fraud was eventually rumbled by a trading standards team at Havering Council, who were put on the trail of the fraudsters by pensioner Christine Manz. ...
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Pair charged with £60m bank fraud

BBC News
Each man was charged with with two counts of conspiracy to defraud, 13 counts of forgery, five counts of fraud by false representation, two counts of money ...
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Man wanted over Oldham bank fraud

BBC News
Police in Greater Manchester investigating a £263000 bank fraud have named a man they are looking for. The money was stolen from NatWest in Oldham in July ...
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Fake ER doctor convicted of fraud blames it on childhood abuse

Scottish Daily Record
A Scots fantasist convicted of fraud for pretending to be a qualified doctor has claimed he did it because he was sexually abused as a child. ...
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UK student visa system fraud exposed

BBC News
An undercover investigation by BBC Newsnight has exposed fraud at the heart of the student visa system. The programme was able to buy two ...
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Men jailed for UK citizenship fraud in Sheffield

BBC Birmingham
The force said there were indications many candidates who took advantage of the fraud had failed at other UK centres. Yusuf and Yousif were jailed for ...
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FSA To Repay GBP270,000 Recovered From Share Fraud

Banking Business Review
Following an action taken against companies involved in a share fraud activity, the UK-based Financial Services Authority (FSA) has retrieved approximately ...
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UK Drivers Have Some Front -- 1 in 5 Admit to Fraud

PR Web (press release)
By doing this, motorists are committing fraud and under contract terms, could invalidate an insurance policy. When presented with a definition of the term ...
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Gwynedd slate quarry managers to pay £250000 for fraud

BBC News
After the fraud was discovered, 126 workers at Welsh Slate lost their jobs. A judge at Caernarfon Crown Court has now ordered assets worth £243499.46 should ...
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UK Payments: contactless payment 'a secure option'

Contactless News
UK Payments' claim is backed by statistics. According to Financial Fraud Action UK, card fraud in the UK has gone down to its lowest level in two decades, ...
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Recession increases used car fraud scams

Which
The Finance and Leasing Association (FLA) has discovered that car fraud scams in the UK are on the increase and urges anybody purchasing a used car to check ...
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Chip and Pin fraud claims dismissed

The Press Association
"It requires possession of a customer's card and unfortunately there are much simpler ways to commit fraud under these circumstances at much less risk to ...
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UK credit cards use chip to beat theft: Why not in the US?

WalletPop (blog)
This Bankrate.com article says fraud at stores in the UK has dropped since chip and PIN cards were adopted widely, but it also points out that enterprising ...
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David Cameron wades into Nicola Sturgeon fraud row

BBC News
The conviction is Rauf's second for fraud after he was given a four-year prison sentence in 1996 for taking nearly £60000 in pension and benefit payments ...
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New Technologies to Combat Mobile Phone Theft and Fraud

Mobile Marketing News
Now that mobile phone users are increasingly using their handsets for online banking and social networking purposes, the problem of fraud and stolen ...
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Consumers blame retailers for online fraud

V3.co.uk
Consumers place the blame for online fraud squarely on the retailer, rather than themselves, according to the UK Online Fraud Report 2010 from payment ...
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Three charged over caravan fraud

BBC News
A woman and two men have been charged in relation to a fraud inquiry at a caravan park in Moray. A spokesman for Grampian Police said the charges referred ...
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Six arrests in fraud probe

Insider North West
Six people in Manchester and Cheshire were arrested yesterday in connection with a £2m VAT repayment fraud linked to the construction industry.
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Manager of Glasgow bank jailed for loans fraud

BBC News
James Smith, from Motherwell, admitted the fraud which took place while he worked at the Clydesdale Bank's Charing Cross branch in Glasgow. ...
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32 Percent Increase in Identity Theft

All Headline News
CIFAS, the UK's fraud prevention agency, attributed the rise in identity theft incidents to the recession. Overall, fraud cases increased by 9 percent ...
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Officer charged with bank fraud

BBC News
A police officer has been charged as part of a investigation into an alleged £85000 bank fraud. Sgt Dalvan Dawkins, 54, of Lancashire Constabulary, ...
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Parker Worldwide warns of careers scams in UK

Online PR News
The Director of UK Marketing firm Parker Worldwide ltd said that too many people are being affected by Scams, the latest is the career scam where these ...
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Fraud victims asked to help watchdog probe

Lancashire Evening Post
Fraud victims asked to help watchdog probe - People caught up in an alleged multi-million pound Ponzi-style scam have been asked to hand ...
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