Private Sector

AN Asian origin Leicester based man who admitted stealing more than £660,000 from his employer has been jailed for three years and nine months.

An accountant in Deloitte’s real estate tax team was found to have fiddled expenses to fund his gambling habit

https://economia.icaew.com/news/june-2019/deloitte-accountant-spared-jail-over-90000-fraud#.XQVB-AR3dA8.twitter

A member of staff at a consultancy firm based in the City has been sentenced, after he stole £95,856 from the company.

An auction centre employee has appeared in court accused of fraud to the tune of more than £700,000 from his employers.

LONDON (Reuters) - Former Hewlett-Packard boss Meg Whitman denied on Thursday she was trying to protect her own reputation when she accused the leaders of Autonomy, the British software firm HP acquired in 2011, of a fraud that inflated its value by $5 billion.

https://uk.reuters.com/article/us-autonomy-hp-lynch/former-hp-boss-whitman-says-not-protecting-herself-in-autonomy-fraud-allegation-idUKKCN1T72OH

A man from Burley-in-Wharfedale, who defrauded his victims out of more than £700,000 has been sentenced to over ten years in prison.

Radcliffe Chambers barrister Shantanu Majumdar provides an explanation of the US and UK Autonomy fraud cases and why the legal proceedings are not co-ordinating

https://economia.icaew.com/opinion/may-2019/autonomy-two-jurisdictions-two-cases#.XPQa8HVzoxk.twitter

Analysis from Sterling has exposed a concerning level of inconsistency in background screening across the charity sector, with a lack of robust employment checks exposing many organisations to the risk of insider fraud.

https://pressreleases.responsesource.com/news/97803/expert-reveals-insider-fraud-concerns-are-being-exacerbated-by-inconsistent/#.XPO4w0AWhNw.twitter

A POLICE investigation has begun after the sudden closure of a property company which had a shop in Kingswinford.

The eCommerce industry is continuing its rapid growth and the lines between physical and digital shopping are becoming increasingly blurred. This change in the way consumers conduct purchases is creating a number of challenges for merchants, especially when it comes to customer visibility and fraud prevention.

https://www.finextra.com/blogposting/17261/how-knowledge-of-your-customers-can-help-fight-fraud