|
|||||
|---|---|---|---|---|---|
|
|
|
|
|
|
|
|
|||||
|---|---|---|---|---|---|
|
|
|
|
|
|
|
|
|
|
|
|
UK backlash over mortgage fraud probe
Financial Times by Daniel Thomas and Michael Peel
The sharpening police focus on mortgage fraud has caused a rift with the private sector, highlighting the lack of precise ...
London traders sacked in £1.4bn bank fraud
The Telegraph by Robert Winnett
One of Europe's biggest investment banks has been forced to admit that it had uncovered a £1.4 billion fraud among its London-based ...
Liverpool Daily Post by Tony McDonough
MORE than 21000 businesses in the North West have fallen victim to identity fraud, according to a new study.
Facility takeover and application fraud continues to rise
Easier (press release
... in the year are indicative of a continuing trend rather than just a ‘blip', according to data from the CIFAS - the UK's Fraud Prevention Service. ...
UK fraud soars and is set to worsen -report
Reuters by Elena Moya
Fraud in the UK jumped 50 percent in the first half of the year, compared with the previous six months, ...
Darwins' fraud cash being recovered
The Press Association
Their "determined, sustained and sophisticated" fraud ended on Wednesday at Teesside Crown Court where Mr Darwin was jailed for six years and three months ...
Clerk jailed for £72m bank fraud
BBC News
The court heard how Channa was the inside man in what police described as one of the one of the largest frauds of its kind. Following the orders of fellow ...
Fraud prevention vendors join forces to beat card fraud
192.com/The 3rd Man - Press Release
... leading providers of customer ID check solutions and transactional fraud profiling data have today announced that they will share their anti-fraud technologies to offer a unique anti-fraud service to the fraud prevention community ...
Fraud soars by 74pc as staff feel bite of credit crisis
Telegraph by Emma Thelwell
Business fraud across the UK has soared by 74pc in the past six months, as desperate employees turn to crime to offset spiralling debts ...
Top executive vanishes after great Scottish water fraud worth £16m
Scotsman
A fraud amounting to almost £16 million has been carried out over three years by a former financial controller, it emerged yesterday. a result of the ...
Fraud-hit customer 'in despair' at Barclays
Telegraph.co.uk
The bank discovered the fraud by chance. It repaid the money, but four weeks afterwards had failed to help safety consultant David Moores get his business ...
How much would you pay to stop them stealing your ID?
Independent
It should also be noted that, ultimately, victims of identity fraud shouldn't suffer any financial loss. Under the UK Banking Code, the lender that has ...
Fraudster Convicted in Cartoon Payments Scam
192business.com
Michael Largent wrote a computer script which opened 58,000 online brokerage accounts with false names, addresses and social security numbers. He opened some accounts using names from the cartoon series King of the Hill and others ...
192business.com
The videos feature an interview with the convicted ex fraudster Elliot Castro, who tells how he managed to defraud businesses to the extent of a seven figure sum before being eventually caught and convicted ...
Jeremy Warner's Outlook: Stable doors and mortgage fraud
Independent
Horses and stable doors come to mind in considering new proposals from the Council of Mortgage Lenders on cracking down on mortgage fraud. ...
Invention: Fraud-beating magnetic banknotes
New Scientist
There is a continual battle between counterfeiters and banknote manufacturers. But Stuart Eaton and colleagues at UK military research company Qinetiq think ...
Arrests follow flats scam reports
Ipswich Evening Star
In what could prove to be one of the biggest property fraud investigations the UK has seen, the gang is also in the frame for similar frauds on developments ...
Times Online
... according to IMRG, the trade body for UK online retailers. The problem is, as spending increases, so does fraud and the number of online Del Boys trying ...
'Crippled' benefit fraud jailed
BBC News
A man who said he could barely walk and claimed £90000 in benefits has been jailed for 18 months after fraud inspectors filmed him playing football. ...
BBC News
George Nicolas was the victim of an online fraud scam run partly by Nigerians in London and lost 15000 euros. The BBC is not responsible for the content of ...
Fraud losses of £15m pulled B&B into the red
Independent
The beleaguered mortgage bank warned it stood to lose £15m "relating to a small number of organised mortgage frauds". B&B has been targeted by criminals ...
Fraud losses of £15m pulled B&B into the red
Independent
The Association of Chief Police Officers claimed in March that mortgage fraud in the UK last year totalled £700m. An Acpo report warned one reason for ...
Fraud low priority for private firms
Director of Finance online
In another recent Grant Thornton survey of UK audit partners, internal controls were deemed the most common fraud detection measure but it seems many UK ...
British MEP urges VAT move to halt carousel fraud
guardian.co.uk
A British MEP will try this week to break a prolonged EU deadlock over fighting VAT fraud with a radical proposal to levy the tax on all trade among the 27 ...
Identity fraud soars in the UK
ITV.com
Credit information company Experian said that more than 6000 people fell victim to the fraud gangs last year. London remains the UK's identity fraud capital ...
Interview: Fraud boss has smaller fish to fry
This is Money
Serious and complex fraud may remain the SFO's central remit, but it is determined there will be as much emphasis on fraud against the public as on headline-grabbing allegations of City skulduggery ...
BT pays £1.7m for cheating Defence Ministry
Yorkshire Post by Rob Waugh
Telecom giant BT has paid the Ministry of Defence £1.75m in compensation for a huge fraud involving call centre staff making vast numbers of ...
£47000 fraud woman keeps her freedom
Northampton Chronicle & Echo
Judge Ian Alexander QC said she was responsible for persistent frauds, sentencing her to 12 months' imprisonment, suspended for two years, with probation ...
Fraud fear over faster payment system at banks
Times Online
Even as the finishing touches were being put to the Faster Payment Service, though, a banking expert warned that it could lead to more fraud ...
Consumers leaving their guard down on card fraud and ID theft
The Independent
Which? said consumers should do more to fight fraud and identity theft – crimes that are thought to cost the economy hundreds of millions a year. ...
'Blatant and shocking' fraud cases help push losses to £140m
The Independent
Benefit fraud has gone up sharply and is now at record levels, the Audit Commission has concluded. In its biennial study of the subject, the commission said ...
Man jailed over fake fall claim
BBC News
A man who falsely claimed more than £9,000 in compensation for an accident that never happened has been jailed ...
E-crime unit gets Home Office rubber stamp
Cio by Leo King
The proposed £5.3 million national e-crime police unit has been given the go-ahead by the government ...
Victims turn vigilante in hunt for eBay conmen
Times Online
... auction fraud last year. However, there’sa new posse in town, a group of UK cyber-vigilantes intent on running the internet auction cowboys out of town. ...
Controversial retail staff database to be launched this month
Daily News Round-up
... employees suspected of theft, fraud or damage could soon find their details listed on a national register, available to every retail company in the UK. ...
New BAE investigation doomed to failure, claims chairman
guardian.co.uk
The SFO took advice at the time from senior fraud QC Tim Langdale. The Liberal Democrat leader, Nick Clegg, said yesterday: "A full investigation would need ...
More lie detectors to curb fraud
BBC News
Seven councils have tested the technology, which is already used by the insurance industry to combat fraud. Critics say genuine claimants may be put off ...
Plea negotiation offers way forward in need to resolve fraud cases
Times Online
Martin Waller reports A system of “plea negotiation”, in which defendants in fraud cases can mitigate their sentences by agreeing to plead guilty before ...
Police investigate school 'superhead' for fraud
Telegraph.co.uk
A "superhead", who was made a dame for turning round a failing school, is being investigated by police over allegations of fraud. Maureen Brennan is alleged ...
Register
If successful, the alleged fraud would have accounted for a big percentage of the UK's total figures - APACS estimates total UK card fraud in 2007 was ...
Credit crunch 'fuels fraud cases'
BBC News
The activities of fraudsters have changed owing to the effects of the credit crunch, says UK fraud prevention service Cifas. The group says that more people ...
Britain's overseas territories open to fraud and money laundering
guardian.co.uk
The MPs call on the Serious Fraud Office and the Serious Organised Crime Agency, the Treasury and the Financial Services Agency to become directly involved ...
National anti-fraud centre due next year
ZDNet UK
A national centre to co-ordinate strategy for combating fraud in England and Wales should be in place by next year. The Attorney General's Office for ...
Postal vote fraud threatens to wreak mayoral poll chaos
Times Online
The electoral system is close to breaking point and the mayoral and local elections on Thursday are vulnerable to large-scale fraud, Gordon Brown is warned ...
Millionaire gets six years for ‘complex’ £4m fraud
The Herald
A fraudster who cheated the tax man of up to £4m through a lucrative empire trading on the work of airport staff was jailed yesterday for six years ...
BBC News
A BBC investigation into online credit card fraud has revealed it is much more widespread than official figures suggest. The BBC is not responsible for the ...
Hidden card fraud taxes UK.biz
Registerby John Leyden
More by this author Headline losses from credit card fraud are only part of the problem facing UK ecommerce firms. ...
Solicitors face inquiry over insurance fraud kickbacks
Times Online
Ten solicitors’ firms are being investigated with dozens of accident claims-handling companies for alleged insurance fraud. The investigation, reported in ...
Yorkshire Evening Post
"If you believe you have been subject to a lottery fraud you can contact Consumer Direct on 0845 4040506 or via the internet at www.consumerdirect. gov.uk," ...
ID scam is a gift to UK terrorists
The Sun
ID theft expert and ex-fraud cop Tom Craig, 57, told us: "The documents would fool most people. And a source who examined one of the NI cards said: "It’s a ...
Banks tell clients to beware of anything phishy
Scotsman by Alastair Jamieson
When Scott Rodriguez answered a phone call from his bank, he could barely believe he had been the victim of a fraud. ...
Police break £1m credit card fraud linked to terrorism
The Herald
Financial fraud provides crucial support for terrorist activity and other organised crime. Last year, a gang of Algerian asylum seekers in London was jailed ...
Spain arrests 87 Nigerians in crackdown on fraud network
Africasia
Spanish police have arrested 87 Nigerians suspected of defrauding at least 1200 people of millions of euros, mostly in the United States and Europe, ...
Court to decide fate for injury claim fraudster
Telegraph
A conman sued a council for thousands claiming he had broken his ankle tripping on a pavement - but had really sustained the injury playing football ...
Big Brother to fight £150m Olympic fraud
This is Money
Contractors for the London Olympic Games will be subjected to unprecedented surveillance to prevent fraud, which typically accounts for five per cent of the ...
Halting of BAE fraud probe ruled illegal
CITY A.M.
The High Court yesterday ruled that the Serious Fraud Office had “acted unlaw- fully” when it scrapped its probe into the £43bn arms deal between defence ...
Couple made up 16 children in benefit fraud
Guardian
The fraud began when Wilshaw applied for tax credits for two of Stevenson's children who did exist and nobody asked to see birth certificates or other proof ...
HSBC Loses Disk Data From 370,000 Customers in Mail
Bloomberg by Jon Menon
HSBC Holdings Plc, Europe's biggest bank, said a disk with personal information from 370,000 insurance customers has been lost in the mail ...
Financial Times by Jonathan Moules
...borrowing money against fictitious invoices for work that has yet to be completed...company, said the number of "fresh air" invoices had risen since the credit squeeze...As tempting as it is to raise fresh air invoices to see you through a short-term...
Police probe into Pendle vote fraud allegations
Burnley Citizen
A police investigation has been launched in the run-up to next month's local elections after reports of possible postal voting fraud. ...
Brits blame banks for identity fraud
Money High Street
A recent survey by PPC revealed that more than a third said the greatest blame for fraud has to lie with banks, and nearly three quarters say it is the sole ...
Mirror.co.uk
Natalie Costa, 23, is being investigated after allegedly swindling some mates out of thousands of pounds. A source revealed: "She was arrested at her ...
Rise in City police in bid to stop fraud
The Observer
The City of London's fraud squad is to increase its officers by a third. The move comes as it emerges that the Financial Services Authority is exploring the ...
Last Night's TV: IDentity Fraud: Outnumbered, BBC1
Independent
The problem with identity fraud, well, the big problem, obviously, is other people using your name to spend vast amounts of money, leaving you to explain to ...
Fraud warning to 40-somethings
Independent
Men in their 40s are most likely to fall victim to identity fraud, according to Cifas, the UK's fraud- prevention service. But criminals are not picky when ...
NHS boss is jailed for £11m fraud
Times Online
An NHS finance chief who was desperate to meet financial targets was jailed for 12 months yesterday for a multimillion-pound fraud. ...
UK backlash over mortgage fraud probe
Financial Times by Daniel Thomas and Michael Peel
The sharpening police focus on mortgage fraud has caused a rift with the private sector, highlighting the lack of precise ...
London traders sacked in £1.4bn bank fraud
Telegraph.co.uk by Robert Winnett
One of Europe's biggest investment banks has been forced to admit that it had uncovered a £1.4 billion fraud among its London-based ...
Vote fraud 'undermines democracy'
BBC News
Safeguards introduced to combat electoral fraud are easily bypassed because of weaknesses in the voter registration system, it was claimed. ...
EU executive offers solutions to combat VAT fraud
Guardian
The measures being proposed today are the first step towards a more effective fight against VAT fraud. Their advantages are that they can be implemented …
Email fraud: Doctors 'are easier to scam'
Telegraph.co.uk by Sophie Borland
Highly qualified people such as doctors, architects and engineers are more likely to fall victim to email fraud than those who are poorer ...
British father and daughter accused of £35m fraud
Telegraph.co.uk
As part of the so-called "boiler room fraud" allegedly operated by the Gunters in Tampa, Florida, victims were told they were investing in the lucrative ...
Foreign losses jack UK plastic fraud up to 535.2m
Register by John Leyden
Fraud abroad has pushed up losses on UK credit and debit cards following a two year fall, according to the latest ...
60 lawyers caught up in mortgage fraud crackdown
Times Online
The crackdown comes after the regulator saw a substantial rise in the number of reports concerning specific solicitors suspected of mortgage fraud. …
Millionaire admits benefit fraud
BBC News
A Northumberland property tycoon who owns houses worth more than £3m has admitted a £6000 benefit fraud. William Collard, 38, from Horsley, claimed income ...
Brothers jailed for £220k fraud
BBC News
Javeid Akhtar and Banaras Ali were sentenced to four-and-a-half years each after admitting conspiracy to commit fraud at Leeds Crown Court.
Card fraud £150m worse than expected
This is Money
... the UK and then using freshly forged cards overseas. Banks also failed to foresee the rise of internet fraud or 'card not present' in industry jargon. ...
Hetherington: Low-life charity cheat, British Gas, ADC, Debt ...
This is Money
Anyone who finds it hard to believe that some low-life would use Oxfam's name in a fraud should dial 0704 572 5947 and ask for the man whose name appears on ...
Wife’s embryo fraud makes estranged husband a father
Times Online
A man has discovered two children he did not know existed after his estranged wife gave birth using embryos the couple created together. ...
Fraud guardian LifeLock accused of fraud
Register
LifeLock charges about $10 per month to make a customer's credit data more secure by placing what is known as an "initial fraud alert" in files that are …
Facebook users at risk of identity fraud
Telegraph by Nicole Martin, Digital and Media Correspondent
Millions of members of Facebook and other social network websites could become victims of identity fraud ...
Card-not-present fraud hits gambling web sites hardest
Inquirer
The RGA reckons online gamblers take about £1 billion a year in the UK, which makes their losses to CNP fraud sound piffling. And take a step back: does …
UK banks hit by phishing assault
CIO Latest News
UK financial institutions accounted for 15 percent of all banking brands targeted, according to a report from the RSA Anti-Fraud Command Center (AFCC) last …
ID checks to fight property fraud
BBC News
A spokeswoman said that cases of property fraud were on the rise, although there was also a much greater awareness of identity fraud across the board. …
Death leap fraud accountant 'could be alive'
Telegraph.co.uk
A police source said: "There is a suggestion that the fraud was rumbled and that he was aware of that discrepancies in the accounts had been identified by ...
Security is simply a way to cut out risk of mortgage fraud
Scotsman
But this week in the UK the Financial Services Authority (FSA) highlighted the dangers of mortgage fraud on an even larger scale. Speaking at the Council of ...
Mortgage fraud spirals out of control
Financial Times by By Sharlene Goff and Daniel Thomas
"Endemic" mortgage fraud on new homes has triggered a wave of repossessions and forced a widespread crackdown by ...
The Sun
Business Secretary John Hutton will today announce a £7.5million UK-wide scheme. The move follows successful pilots which are estimated to have saved ...
Fraud Figures Reach Highest Since 1995
Sky News
Fraud hit a 12-year high during 2007, with cases totalling more than £1bn heard by UK courts during the year, latest figures show. ...
The risks of fraud go well beyond SocGen
Financial Times
Scandals at companies such as Enron, Barings, WorldCom and Parmalat have highlighted the huge losses that can occur through frauds or the breakdown of ...
UK Royal Mint faces fraud probe
Financial Times
The Serious Fraud Office is probing claims of corruption relating to Nigeria, where the Mint has won business supplying coins as part of an effort to ...
Consumers admit to insurance says NU
CityWire.co.uk
Following an Ipsos-MORI survey commissioned by Norwich Union of 2000 UK adults, the UK insurer said that up to 10% of all insurance claims are thought to be ...
‘Zero tolerance’ approach to fraud that costs NHS up to £100m ...
Sunday Herald by By Judith Duffy, Health Correspondent
A new strategy to fight fraud in the NHS will be unveiled tomorrow amid fears that it is costing the health service up ...
Anti-fraud schemes 'too costly
BBC News
The government spends more on tracking benefit fraud than it manages to uncover, an official report suggests. The National Audit Office found that £154m ...
Hain in trouble over £2.5bn lost in benefit fraud and errors
Guardian Unlimited
The report looks at the effectiveness of the ministry's anti-fraud advertising, investigation procedures, data matching with national insurance ...
Service sectors facing explosion in frauds
Telegraph.co.uk by Angela Monaghan
The credit crunch will drive "a dramatic rise" in corporate fraud in 2008 as managers desperate to keep their jobs cook the books, ...
Banks crack down on mortgage fraud
Financial Times by Ellen Kelleher
Banks are seeking to crack down on mortgage fraud as evidence mounts of a rise in the number of fraudulent borrowers. ...
Clerk 'assisted £500000 fraud'
BBC News
The fraud was said to have taken place between July 2004 and April 2005. Mr Strong is said to have used the information from Ms Akinyemi to siphon money ...
Fraud and errors add £2.5bn to welfare bill
Telegraph by Ben Leapman, Home Affairs Correspondent
Fraud and errors in the benefits system cost taxpayers about £2.5 billion last year, official figures will show ...
Former Labour mayor and wife are jailed for benefits fraud
Guardian Unlimited
An investigation was launched into the former mayor after an anonymous tip-off to the benefits fraud hotline. The caller suggested Walker was well enough to ...
Fraud probe at Carter & Carter
Financial Times
... it had discovered falsified records at its north-east skills business and had hired lawyers to determine whether the problems were down to fraud. ...
Leg broken in filmed fraud plot
BBC News
He said the incident was a one-off and caused by Miss Hingston and Mr Thomson getting together in a bid to carry out fraud on a local authority. ...
Online credit card fraud soars
The Telegraph, Emma Thelwell
Attempted online credit card fraud has soared by 131pc this year, with fraudsters spending nearly three times more than genuine internet …
Figures confirm growing threat of ID fraud
Sunday Herald
It's also the growing problem of identity fraud. Peter Hurst, chief executive of CIFAS, the UK's Fraud Prevention Service, says: "No-one should be …