Frauds

Cash-strapped businesses grappling with the cost of the pandemic are increasingly securing loans against the value of unpaid invoices, or 'factoring' as it is often referred to.

https://www.ftadviser.com/companies/2021/06/02/how-factoring-fraud-takes-place/

More than 12,000 fraudulent claims collectively worth more than £113 million were uncovered by insurance giant Aviva last year.

https://uk.finance.yahoo.com/news/proportion-bogus-insurance-claims-jumped-091644712.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr

A PSNI helicopter was deployed to intercept suspected fraudsters accused of posing as police officers to con a Belfast pensioner out of £40,000, a court has heard.

https://www.itv.com/news/utv/2021-05-31/court-hears-police-helicopter-used-to-intercept-fraud-suspects

Justice Secretary Robert Buckland has introduced new reforms for the insurance industry designed to reduce the high number of whiplash claims. The measures which include an online portal will save insurers £1.2 billion and reduce premiums by around £35 a year.

https://uk.news.yahoo.com/reforms-clampdown-fraudulent-whiplash-claims-100831266.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr

A man who was taking driving theory tests for other people by wrapping a bandage around his head has been arrested after his scam was discovered by staff members.

https://www.msn.com/en-gb/news/uknews/man-jailed-for-wrapping-bandages-around-his-head-to-take-driving-theory-tests-for-others/ar-AAKx4dW?ocid=st

A fraudster who went on the run from police to Spain has been illegally subletting properties in Edinburgh on Airbnb while using an alias - and one letting agent has called it “organised fraud.”

https://www.edinburghnews.scotsman.com/news/crime/revealed-fraudster-who-went-on-the-run-to-spain-has-been-illegally-subletting-edinburgh-properties-on-airbnb-using-alias-in-organised-scheme-3253758

Police in Northern Ireland have foiled two separate attempts by fraudsters to con cash from older people.

https://www.expressandstar.com/news/uk-news/2021/05/29/six-arrests-in-crackdown-on-fraudsters-posing-as-police-officers/

Online banking and credit card fraudsters stole more than £10 million from people in the West Midlands, it has been revealed, with the region seeing the third highest level of bank account fraud in the UK.

https://www.expressandstar.com/news/crime/2021/05/29/more-than-10m-stolen-in-credit-card-and-online-banking-fraud-in-the-region/

The City of London Police issued Account Freezing Orders and Account Forfeiture Orders against assets worth £36m last year, compared to less than £1m in 2019, a jump of 3,600 per cent, according to research by law firm RPC, exclusively shared with City A.M. this evening.

https://www.cityam.com/exclusive-city-of-london-polices-asset-forfeitures-jump-by-3600-per-cent-as-priority-shifts-to-higher-value-fraud/

Has a company treated you unfairly? Our consumer champion, Sally Hamilton, is here to help

https://www.telegraph.co.uk/money/katie-investigates/fake-police-detective-convinced-buy-90000-gold-snatched-life/