Frauds

UK Finance responds to APP (Authorised Push Payments) Steering Group consultation

https://www.finextra.com/pressarticle/77041/uk-finance-responds-to-app-steering-group-consultation

A pensioner has been accused of being involved in a £27,500 benefits fraud at Jedburgh Sheriff Court.

https://www.bordertelegraph.com/news/17379179.pensioner-faces-27k-benefits-fraud-charge/?ref=twtrec

Four people have gone on trial in Paris over an elaborate alleged scheme which fed consumers across Europe frozen foods containing cheap horse meat fraudulently labelled as pricier beef.

Three agents who scammed the public out of over £100,000 in rent and deposits in a prolonged fraud have each been jailed for two years and four months.

https://www.propertyindustryeye.com/three-agents-likely-to-serve-14-months-each-in-prison-after-105000-fraud-involving-deposits-and-rents/

A student has been jailed and four other people handed a range of punishments for a £67,000 phone fraud.

https://www.expressandstar.com/news/crime/2019/01/21/money-launderers-jailed-over-67000-phone-banking-fraud/

The World Federation of Advertisers (WFA) has created a global taskforce to tackle the growing problem of ad fraud and improve data transparency.

http://www.cityam.com/271580/world-federation-advertisers-sets-up-digital-media

A total of 433 insurance fraudsters have been convicted since the City of London Police’s Insurance Fraud Enforcement Department (IFED) came to life in 2012.

https://www.insurancebusinessmag.com/uk/news/breaking-news/ifed-sees-over-400-insurance-fraudsters-convicted-since-2012-122104.aspx#.XD5em57N0XM.twitter

A decision by the UK’s Financial Ombudsman Service (FOS) could ultimately cost banks up to £500 million as they are forced to change how they respond to one of the two main types of Authorised Push Payment Fraud (APPF), experts say.

https://www.cbronline.com/news/authorised-push-payment-fraud

A serious fraud investigation has been launched into the collapse of three major property developments in Liverpool and Manchester. 

https://www.thebusinessdesk.com/northwest/news/2035651-major-fraud-investigation-launched-into-collapse-of-property-schemes#.XEGfoNklBjs.twitter

Almost 450,000 Brits last year risked invalidating their car insurance or even being prosecuted for fraud by lying or withholding information on their application in an attempt to reduce their premiums.