Frauds

Four men were sentenced at Inner London Crown Court, for their part in carrying out a series of ‘crash for cash’ frauds, and then claiming against fraudulent insurance policies.

http://news.cityoflondon.police.uk/r/1092/four_family_members_sentenced_for__crash_for_cash

Man pretended to be Grenfell victim then racked up £40,000 bill after council put him up in exclusive London hotel

https://www.independent.co.uk/news/uk/crime/derrick-peters-grenfell-tower-fraud-hotel-bill-burglary-kensington-council-a8506246.html

The judge described the public’s “horror” at such offending, adding: “I can hardly think of a fraud which would meet with greater revulsion.”

https://www.shropshirestar.com/news/uk-news/2018/08/23/grenfell-tower-lies-saw-burglar-swap-jail-for-top-hotel/

More than half a million insurance frauds took place in the UK last year, amounting to one scam every minute, analysis from the Association of British Insurers (ABI) reveals.

http://www.theactuary.com/news/2018/08/one-insurance-scam-detected-every-minute-in-the-uk/

According to the trade body’s research a total of 562,000 insurance frauds were discovered by insurers in 2017, and the value of the fraudulent claims was £1.3bn.

https://www.insuranceage.co.uk/insurer/3561556/abi-figures-show-the-scale-of-the-challenge-in-fighting-fraud

It is estimated that card-not-present fraud will cost retailers $71 billion globally from 2017-2021.

https://www.itproportal.com/features/smarter-data-the-sharpest-weapon-to-fight-ecommerce-fraud/

Criminals are moving towards methods less susceptible to direct bank intervention, such as scams directly targeting the customer

https://www.coventrytelegraph.net/news/coventry-news/fraud-coventry-cashpoint-15033994

Highly sophisticated scammers are luring more people into transferring their pensions into fraudulent schemes.

https://www.telegraph.co.uk/money/consumer-affairs/red-flags-watchdogs-warning-pension-fraud-soars/

Pension scam victims lose an average of £91,000 each as fraudsters see the potential for looting savings pots.

https://www.bbc.co.uk/news/business-45170408

A man who says he narrowly avoided being defrauded of more than £6,000 after receiving false bank details from a hacked email account has taken to social media following “failed” efforts to raise the alarm.

http://home.bt.com/news/uk-news/man-details-failed-efforts-to-raise-alarm-after-6000-fraud-attempt-11364289686424