Private Sector

A FORMER employee of an energy supplier which later went bust has admitted falsifying records and customer accounts to gain £4,988 by fraud.

https://www.bordertelegraph.com/news/23344657.ex-spark-energy-worker-formed-fraudulent-scheme-get-5k/

An accountant stole more than a quarter of a million pounds from his employers, spending the money on prostitutes, hotel stays, laptops and work on his own home.

https://uk.style.yahoo.com/accountant-stole-250k-employer-spent-050000422.html/

Parcels were being delivered to suspects' linked addresses in Birmingham after they had been relabelled

https://www.coventrytelegraph.net/news/local-news/company-reports-large-scale-fraud-26324038?utm_source=twitter.com&utm_medium=social&utm_campaign=sharebar

A former site manager has been jailed after using his position to siphon millions from a Lincolnshire-based metal recycling company.

https://lincolnshiretoday.net/mag/former-site-manager-jailed-for-fraud-after-siphoning-millions-from-lincolnshire-company/

A top chef who featured on TV's Great British Menu was swindled out of £150,000 by a married couple working at his restaurant, a court heard.

https://www.thecaterer.com/news/stephen-terry-chef-hardwick-restaurant-fraud-court-case

Two Balli Steel executives have been convicted of using forged documents to mislead banks into lending the bankrupt commodities trader $150m (£122m).

https://www.cityam.com/balli-steel-execs-found-guilty-of-120m-fraud-at-collapsed-trading-firm/

1. Increased use of civil asset recovery powers by law enforcement authorities. 
   
2. Increased level of enforcement against Directors by Companies House. 
3. Increased focus by the UK Legislature on economic crime enforcement. 
4. Increase in UK sanctions implementation and enforcement. 
   
5. Increased focus on ESG compliance and heightened corporate risk.

What are the key factors behind the emergence of fraud risks and how should organisations ensure their controls are fit for purpose? Two experienced audit committee chairs provide their thoughts.

https://www.icaew.com/insights/viewpoints-on-the-news/2023/jan-2023/how-businesses-approach-fraud-risk-the-audit-committee-view

Cybercriminals are increasingly using fake job ads to persuade jobseekers to share their personal information – and sometimes part with money – to secure their ideal roles

https://www.raconteur.net/risk-regulation/job-scams-fraud-hybrid-hiring/

An accountant who abused her trusted position as a bookkeeper in a bid to cheat three small businesses out of almost £150,000 was jailed for two years and four months on Friday (January 20).

https://www.punchline-gloucester.com/articles/aanews/gloucestershire-accountant-sentenced-for-one-hundred-fifty-thousand-pounds-fraud