Financial

A master hacker who stole customers’ details from as many as 200 firms to sell on the dark web was seized by undercover police in a dramatic operation on board a train.

https://www.standard.co.uk/news/crime/moment-undercover-cops-pounce-on-500k-bitcoin-hacker-on-board-train-a3829071.html

Britain’s National Crime Agency is expanding a review into fraud allegations at HBOS, part of Lloyds Banking Group, that have already led to the jailing of six people in a scam that pushed business owners to hire a costly turnaround consultancy.

https://uk.reuters.com/article/uk-lloyds-bank-uk-probe/britains-crime-agency-to-expand-probe-into-hbos-fraud-allegations-idUKKBN1I11Q0

Two Nottingham financial advisers have been arrested by the City of London Police investigating allegations of a major fraud at investment firm Kingsbridge Asset Management.

https://www.thebusinessdesk.com/eastmidlands/news/2013762-financial-advisers-arrested-conspiracy-defraud-allegations

Fraudsters may ask you to receive money into your bank account and transfer it into another account, keeping some of the cash for yourself.

https://moneymules.co.uk/

The UK government has unveiled plans to crack down on a business scheme which it says has been used to launder dirty foreign money.

http://www.bbc.com/news/uk-scotland-scotland-business-43935839

Entrepreneur complains that Facebook won't remove ads using his name until he reports them

http://www.alphr.com/business/1009160/moneysavingexpert-founder-martin-lewis-sue-facebook-bitcoin-ad-scams

While financial fraud overall is not growing, payments fraud involving deception crimes, online attacks, and compromised cards is up over 20 per cent

http://www.cityam.com/284442/debate-digital-payment-rise-but-uk-go-completely-cashless

Cifas CEO Mike Haley talks to BBC Moneybox about the growing issue of “money mules”

https://www.bbc.co.uk/programmes/b09zmvcp

The data shows there was a 27% increase in 14 to 24-year-olds becoming ‘money mules’ in 2017. Cifas urges the Government to do more in schools to educate young people about the consequences of fraudulent activity.

https://www.cifas.org.uk/insight/reports-trends/fraudscape-report-2018

"Have you ever held £2,000 at once in your hand?" that was the line used to tempt Holly into becoming a money mule.

http://www.bbc.com/news/business-43897614