Private Sector

Today Carlo Palombo and Colin Bermingham were sentenced to a total of 9 years imprisonment at Southwark Crown Court for manipulating the Euro Interbank Offered Rate (EURIBOR) at the height of the financial crisis.

https://www.sfo.gov.uk/2019/04/01/senior-bankers-sentenced-to-9-years-for-rigging-euribor-rate/

A man has today pleaded guilty to fraud after claiming up to £4.7m worth of European Union and Welsh Government grants.

Mike Lynch mischaracterised revenues from clients including Tottenham Hotspur and the Serious Fraud Office (SFO), in order to inflate software sales figures, the High Court heard yesterday

https://economia.icaew.com/news/march-2019/autonomy-trial-lynch-hid-spurs-and-sfo-revenues#.XJ9UnFSYO2Y.twitter

Former Autonomy finance chief Sushovan Hussain was “a numbers guy” without the technological knowledge to carry out alleged fraud at the software firm, a court heard today.

Shares in payment firm Wirecard soared today after a law firm cleared the company’s head office of wrongdoing following allegations of fraud and false accounting.

A firm of rogue builders which went bust with more than a million pounds worth of debt had just £126 in its bank account when it folded.

A rogue builder's been jailed for four years after being found guilty of fraudulent trading and money laundering.

https://www.itv.com/news/anglia/2019-03-07/rogue-builder-jailed-after-shoddy-work-left-customers-thousands-out-of-pocket/

A British tech entrepreneur committed a "deliberate fraud over a sustained period of time" to inflate the value of his company by billions of dollars ahead of its sale, the High Court has heard.

https://uk.finance.yahoo.com/news/uk-tech-entrepreneur-mike-lynch-204700482.html?soc_src=social-sh&soc_trk=tw

A total of £1.2 billion was stolen by criminals committing fraud last year – £354 million in authorised fraud and £845 million in unauthorised fraud.

Small businesses should train up "cyber security champions" to better protect themselves from the threat of cyber attacks, new government research has suggested.

https://www.actionfraud.police.uk/news/train-up-cyber-security-champions-to-stop-hackers-small-businesses-told