Frauds

In the finance sector’s hunt to improve ways to combat the scourge of payment fraud, biometric verification technology is coming to the fore and being adopted by banks, especially when it comes to card fraud.

https://thefintechtimes.com/fault-in-our-stars-fraud/

Are insurers so focused on claims acceptance league tables that they are allowing fraudulent claims to slip through the net? Specialist insurance industry law firm Horwich Farrelly has highlighted the importance of striking the right balance between quickly settling claims and investigating potentially fraudulent activity.

https://www.itij.com/story/115484/fraud-%E2%80%93-are-insurers-ball

Invoice fraud (also known as invoice redirection fraud) is a widespread and well-established crime which cost UK businesses almost £93m in 2018. It poses a very real threat to organisations of all shapes and sizes and yet many remain unaware of it. Here’s what to look out for.

https://www.fraudadvisorypanel.org/wp-content/uploads/2019/04/Invoice-Fraud-April-2019.pdf

An agent is facing the possibility of jail after a judge warmed that a custodial sentence is likely.

A 41-year-old former law student from Dewsbury was today sentenced to 21 months for pretending to trip over a crate of orange juice cartons in a supermarket and claim for her injuries. The case is believed to be the first private prosecution in the UK by an insurance company against a so-called ‘slip-and-trip’ fraudster.

https://www.clydeco.com/firm/news/view/pulp-fiction-insurance-fraudster-sentenced-for-slip-and-trip-orange-carton?utm_source=Mondaq&utm_medium=syndication&utm_campaign=View-Original

A rogue builder who scammed elderly victims across London by tricking them into paying for ‘pointless’ roof repairs has been found guilty of fraud and money laundering offences.

UK businesses need to invest in tools to prevent against the risk of fraud as well as strategies to recover losses, an expert has said.

https://www.out-law.com/en/articles/2019/april/businesses-should-invest-to-tackle-rise-in-procurement-fraud/?utm_source=Emerge&utm_medium=Email&utm_content=02b2ed12-a02d-4558-95a1-09f5e3c05bab

An accountant has been sentenced to 39 months’ imprisonment, after pleading guilty to a range of offences relating to his company’s pension arrangement.

Woman charged after alleged fraud at care home in Wallyford

https://www.eastlothiancourier.com/news/17564512.woman-charged-after-alleged-fraud-at-care-home-in-wallyford/?ref=twtrec

A Scottish former sniper has been charged with defrauding the British army pension scheme after travelling to fight in Syria while receiving funds for PTSD.