Financial

Recent statistics show that foreign currency and cryptocurrency fraud in the UK are increasing rapidly. Syedur Rahman of business crime solicitors Rahman Ravelli says the onus is on investors to do their homework and tread carefully.

http://www.mondaq.com/uk/x/817744/White+Collar+Crime+Fraud/Recent+Statistics+Show+That+Foreign+Currency+And+Cryptocurrency+Fraud+In+The+UK+Are+Increasing+Rapidly

The financial regulator has fined the Bank of Scotland £45.5m for failing to report suspicions of fraud in its Reading branch in 2007.

Two men have been sentenced at Birmingham Crown Court for running an investment scam which lost victims a combined £6.2 million.

Identity fraud reached record highs last year and criminals targeted children as young as 11 to launder money.

Sarah Howe was born around 1826 in Providence, Rhode Island, in the US, and worked most of her early life as a fortune-teller in Boston. In 1875 she was arrested several times for fraud, usually for taking out multiple loans secured by the same asset, and then refusing to repay them.

https://moneyweek.com/509014/great-frauds-in-history-sarah-howe/

Middle-aged people are increasingly being lured by criminals into becoming money mules, according to fraud prevention service Cifas. 

https://www.scotsman.com/news/middle-aged-being-targeted-by-criminals-to-become-money-mules-1-4948918

People who’ve been tricked into transferring money directly to a fraudster now have a new safety net, which should mean they have a better chance of getting a refund.

A mother-of-two who acted as a 'mule' for an organised crime gang was spared jail today after she admitted multiple charges of fraud.

http://www.irishnews.com/news/northernirelandnews/2019/06/15/news/woman-who-acted-as-mule-for-an-organised-crime-gang-has-been-spared-jail-after-she-admitted-multiple-charges-of-fraud-1642365/?param=ds441rif44T

Two men have been given suspended prison sentences for money-laundering offences after they sought to profit from the work of rogue traders who took advantage of an elderly Bermondsey man.

https://www.london-se1.co.uk/news/view/9936

Clarence Hatry started out as an insurance clerk before moving into business in World War I. His first success came with a reinsurance firm, the City Equitable Fire Insurance Company, which he eventually sold for more than four times his initial investment.

https://moneyweek.com/508563/great-frauds-in-history-clarence-hatry/#.XQIL6ykVMGw.twitter