Financial

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

An alert from the Financial Conduct Authority (FCA) revealed that fraudsters were using the details of the authorised South London firm, Wentworth Insurance Brokers, to scam people in the UK.

https://www.insuranceage.co.uk/regulation/4040061/fca-warns-of-clone-broker

The scourge of Forex fraud still remains and the case against Xcore Capital, heard in the High Court this week, starkly highlights the nature of the perpetrators.

https://www.giambronelaw.com/site/news-articles-press/library/articles/fraud-by-forex-brokers?utm_source=Mondaq&utm_medium=syndication&utm_campaign=View-Original

Refunding victims of fraud could make catching scammers more difficult for police, according to a former fraud detective.

https://www.telegraph.co.uk/money/consumer-affairs/refunding-fraud-victims-could-make-catching-criminals-harder/?WT.mc_id=tmg_share_tw

A former financial adviser who conned his clients out of nearly £750,000 has been jailed for more than 10 years.

The amount of money reported lost to cryptocurrency fraud in the UK hit £24.3m last year (year to March 31 2019), a 256% rise on the £6.8m the previous year according to the accountancy and business advisory firm BDO LLP.

https://www.ifamagazine.com/article/24-3m-lost-to-cryptocurrency-fraud-last-year-a-250-increase/

The City of London Police apologised today after the trial of eight defendants accused of fraudulent carbon credit and diamond sales collapsed.

http://www.cityam.com/278322/city-london-police-apologises-after-diamond-and-carbon

A mew code that will allow victims of one of the UK’s fastest growing forms of fraud to receive reimbursement from banks comes into force today.

http://www.cityam.com/278178/victims-fast-growing-fraud-could-get-refunds-today