Financial

An internal Lloyds Banking Group report written by a former manager at the bank alleges serious misconduct by the lender over the handling and disclosure of a fraud at its HBOS Reading unit.

https://uk.reuters.com/article/us-lloyds-report/report-claims-britains-lloyds-misled-investors-over-hbos-fraud-idUKKBN1JF135

Almost 200 arrested and £25m of scams prevented under initiative

https://www.ft.com/content/32749936-7561-11e8-aa31-31da4279a601

One customer was allowed to deposit £758,000 with the firm with no money laundering or social responsibility checks.

https://www.bbc.co.uk/news/business-44544950

The case is being investigated as part of the City of London Police’s role as national lead force for fraud following a referral from the Financial Conduct Authority.

https://www.thejc.com/news/uk-news/freddy-david-charged-fraud-hbfs-financial-services-1.465594

Fraudsters are using the details of authorised Wolverhampton-based motor broker Car Insurance 4 u, according to a warning from the Financial Conduct Authority (FCA).

https://www.insuranceage.co.uk/broker/3457986/fca-warns-of-broker-clone

This article will list the different types of tokens one can purchase as well as the scams/frauds sometimes involved in an ICO.

http://about-fraud.com/avoiding-ico-fraud-cryptocurrency/

Bitcoin mining and fraud are an unfortunate reality we must face as an industry. From things like Bitconnect to Butterfly labs to even Onecoin, there are a lot of scams and fraud floating around.

https://coincentral.com/the-past-and-present-of-bitcoin-mining-fraud/

A group of British MPs said they will publish a report into what Lloyds Banking Group knew about a fraud at its HBOS Reading unit, following years of campaigns for full disclosure by its victims.

https://uk.reuters.com/article/uk-lloyds-fraud-report/british-mps-threaten-publication-of-report-on-fraud-at-lloyds-unit-idUKKBN1JA1HS

Whilst the precise methods may vary, the essence of APP fraud is that a payer such as a bank account holder (the Payer) consents to a payment to a hitherto unknown third party account.

https://www.mishcon.com/news/briefings/the-regulatory-response-to-authorised-push-payment-fraud-an-update

Former Premier League footballer Colin Hendry said he will be seeking compensation if an investigation into Kingsbridge Asset Management proves its staff conspired to defraud a large number of its high net worth clients.

https://portfolio-adviser.com/football-legend-says-asset-manager-fraud-bankrupted-him/