Frauds

Regulators and policymakers must reform and tighten up regulations around financial fraud to better protect millions of people who are at risk.

A Nottingham man who allegedly targeted elderly and vulnerable victims claiming to be a stand-in window cleaner is set to appear in court charged with fraud by false representation.

https://westbridgfordwire.com/nottingham-man-charged-after-allegedly-claiming-to-be-stand-in-window-cleaner-and-targeting-elderly-victims/

BELFAST food testing specialist Cibus Analytical has completed a £570,000 seed funding round which it will use to help tackle food contamination and adulteration at a time when fraud is costing the UK food and drink industry £12 billion a year.

http://www.irishnews.com/business/2020/04/08/news/cibus-raises-570-000-seed-funding-in-fight-to-stop-food-fraud-1895877/?param=ds441rif44T

A conman who lied to his fiancee about his name, marital status, wealth and even having had a vasectomy has been jailed for six years for his deceit and “frankly jaw-dropping arrogance”.

https://www.expressandstar.com/news/uk-news/2020/04/08/conman-who-posed-as-fireman-and-lied-about-vasectomy-jailed-for-100000-frauds/

A fraudster who obtained a council house by failing to declare he already owned a home has received a suspended sentence.

https://www.expressandstar.com/news/crime/2020/04/09/council-house-fraudster-who-owned-home-under-right-to-buy-handed-suspended-sentence/

The court hearing follows an Essex Police investigation with assistance from Action Fraud.

The 2020 Association for Financial Professionals (AFP) Payments Fraud and Control Survey underwritten by JPMorgan found that business email compromise (BEC) was the most noted origin of tried or actual fraud incidents in 2019, according to an announcement.

https://www.pymnts.com/news/b2b-payments/2020/business-email-compromise-tops-fraud-attempts-against-treasurers/

Age UK Sheffield is warning against a new scam relating to coronavirus.

https://www.thestar.co.uk/news/crime/age-uk-sheffield-warns-coronavirus-scam-targeting-elderly-2533732

Authorities in Germany have fallen victim to a multi-million-euro fraud involving masks much needed in the coronavirus pandemic, prosecutors said Tuesday.

Covid-19: Huge growth in eCommerce sales during March - boost in eCommerce activity has led to a rise in fraudsters attempting to obtain and use financial data through techniques such as Covid-19-related phishing scams.

https://www.essentialretail.com/news/growth-ecommerce-sales-march/#.Xo5FNL8VmCg.twitter