Charities

Fraudsters are trying to capitalise on public generosity during the coronavirus pandemic by setting up fake funds and pretending to be established charities.

https://www.ipswichstar.co.uk/news/fraudsters-exploit-public-generosity-during-crisis-with-fake-charity-scams-1-6643155?utm_source=Twitter&utm_medium=Social_Icon&utm_campaign=in_article_social_icons

This alert provides information and advice for charities about coronavirus (COVID-19) related fraud and cybercrime.

According to the ACFE’s upcoming 2020 Report to the Nations, nonprofit organizations were the victim in 9% of fraud cases reported by CFEs in the study — with a median loss per instance of $75,000 and an average loss of $639,000. Of these cases, nonprofit employees were more likely to commit fraud (39%), but those at the director and board level tended to steal more ($250,000 compared to $21,000 by employees). These losses might seem small when compared to the losses experienced by other types of victim organizations, but they can have a significant impact on nonprofits since many of them already have extremely limited financial resources. Furthermore, a fraud loss can be devastating to a nonprofit if the reputational damage and break in public trust cause a withdrawal of support and resources from donors.

https://www.acfe.com/fraud-examiner.aspx?id=4295010515&mkt_tok=eyJpIjoiTVRFNFl6VTBaamd4Tm1abSIsInQiOiIyQXFWRFhwMGFVV3FSR3pOZHFJV2R4a1poekhCT0lHNWE0bmFPZUQxTHBlUHhpdFdGWnh5d0FhSEo4TjIrb09EMDRvNitPQnJTbjZBUzVaTjVZU0pnRHRrUXZUT3JaTVlUZEd6bFJ1SjlYSjJFXC91ZytTRVYzU0NVbHhxVnlqcWIifQ%3D%3D#.XpdPNh2HHb4.twitter#.XpdPNh2HHb4.twitter

East Ayrshire Council Trading Standards have joined forces with the Charity Commission in a plea to help local charities amid the coronavirus crisis.

Five steps to avoid insider fraud

A CHARITY worker has appeared in court accused of fraud involving an estimated £65,000.

https://www.theboltonnews.co.uk/news/18294232.dementia-charity-manager-accused-fraud/?ref=twtrec

Two Birmingham men who plundered the finances of a bullying charity they created − pocketing around £75,000 − have been convicted of fraud.

https://www.expressandstar.com/news/crime/2020/03/01/bullying-charity-founders-convicted-of-plundering-donations/

The former head of a UK charity for the disabled has been jailed for five years, and banned from being a director for eight years, for stealing more than £250,000 ($325,000) from the charity’s pension, according to The Pension Regulator (TPR).

A housing charity has said it is “frustrated and angry” after being targeted by cybercriminals and losing nearly £1m.

A charity collector has been banned from selling at car boot and jumble sales for two years after defrauding MacMillan Cancer Support.

https://www.expressandstar.com/news/local-hubs/walsall/2020/02/14/charity-cheat-gets-two-year-ban-from-car-boot-sales/