Frauds

During Take Five Week (17-21 April), the public is being warned to beware of impersonation scams as new figures show there were 45,367 cases of this type of fraud in 2022, with losses totalling £177.6m.

https://www.ukfinance.org.uk/news-and-insight/press-release/new-figures-show-ps1776m-was-lost-impersonation-scams-in-2022-take

A SCOTTISH property developer has pleaded guilty to burning down two houses in an attempt to claim a massive insurance payout.

https://www.thenational.scot/news/23460350.scots-property-developer-jailed-400k-insurance-fraud-plot/?ref=twtrec

A local woman has described how she exposes romance scammers online - even offering to meet them at international airports. Becky Holmes, from Stratford-Upon-Avon, created a Twitter account during lockdown in 2020 to tackle boredom and loneliness, but her online antics have taken it to a whole new level.

https://www.coventrytelegraph.net/news/local-news/woman-who-takes-up-romance-26704692

Arising tide of casual fraud is hitting Britain's online retailers as customers abuse the system in ways ranging from sharp practice to outright scams.

https://www.msn.com/en-gb/money/other/the-customers-behind-a-rising-tide-of-casual-fraud-and-how-they-do-it/ar-AA19QMUc

While the number of compromised credit cards continue to decline year over year globally, the UK’s share increases.

https://www.digit.fyi/uk-credit-card-fraud-increase/#.ZD00oBY8dvg.twitter

LONDON (Reuters) - Britain plans to make it easier to prosecute a large organisation if an employee commits fraud for the benefit of a business, the government said on Tuesday.

https://uk.sports.yahoo.com/news/uk-government-plans-businesses-liable-175548373.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr

A North Yorkshire couple have been sentenced to jail for a total of 12 months after being found guilty of a combined 26 grounds of contempt of court for making fraudulent personal injury claims. The claims amounted to around £2.2 million between the duo and were defended by Horwich Farrelly (HF), representing KGM Underwriting Services (KGM).

https://www.insurancebusinessmag.com/uk/news/breaking-news/couple-sentenced-to-jail-for-fraudulent-personal-injury-claims-442283.aspx#.ZDfACRUh6TU.twitter

Identity fraud is a major concern within the banking sector. As technology continues to advance, so do the methods that fraudsters use to deceive banks and their customers. The use of biometrics and documents is becoming increasingly common in the fight against identity fraud.

https://www.finextra.com/blogposting/24036/tackling-identity-fraud-in-the-banking-sector

Stop Fraud in its tracks -This animation shows an example of a mandate fraud targeting an NHS organisation which is stopped thanks to the quick thinking of a member of the finance team.

https://www.youtube.com/watch?v=cC_YHrWg374

A trio who were involved in conning foreign meat firms out of £660,000 in an identify fraud scam have avoided prison.

https://www.shropshirestar.com/news/crime/2023/04/05/shropshire-meat-fraud-trio-involved-in-660000-identity-scam-which-forced-foreign-food-firm-to-go-bust/